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Nissan - the new car on the lot in Russia
Calcutta News.Net
Monday 9th July, 2007 (BigNewsNetwork.com)
Nissan, one of Japan’s top car makers is moving into Russia.
Nissan has begun building a multi-million dollar car plant in St Petersburg for US$200m. It will open in 2009, employ 750 people and produce 50,000 cars a year.
Building of the plant has come after the announcement of an 11% drop in Nissan profits. Company bosses were not paid a bonus this year.
Russia's booming economy and fast growing market has attracted a number of carmakers in recent years - most notably Toyota, Renault and Kia Motors.
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