MOSCOW. (RIA Novosti economic commentator...
Japan's Toyota has promised to commission its plant near St Petersburg by the end of the year and Fiat will begin the assembly of Fiat Ducato commercial vehicles in January in Tatarstan's Alabuga special economic zone.According to the projected yearend results, about 450,000 foreign brand vehicles will be produced in Russia in 2007, although the plants are currently working at two-thirds of their capacities. By 2010, when the launched projects start to pay off and the new ones reach their design capacities, Russia will produce one million cars annually. This means that the country will have a new sector producing modern high-tech products of international quality and reliability standards. In turn, this sector should form a stable demand for auto parts of the same level.
Thus, the main objective of the Russian authorities, who had been handing out benefits for the past two years, was to increase the number of manufacturers of auto parts for foreign
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