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Industry: Email Alert RSS FeedAsian automakers rush into Russia; Hyundai leads, Toyota is strong, Honda lags behind.(News)
Automotive News Europe, April, 2005 by Treece, James B.
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Byline: James B. Treece
Asian automakers are taking advantage of Russia's booming auto market.
Last year, Japanese and Korean brands saw their share of the 1.5 million unit Russian market surge to 16 percent from 9 percent, according to Global Insight.
To build on those gains, they are setting up wholly owned import companies and mulling new assembly plants in Russia.
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Russia's market strengths are enticing. High prices for Russia's oil and minerals are bringing in more money from exports. That is pumping through the economy, fueling strong car sales. The recent and ...
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