Automotive Industry

Baltics wonder whether Russia will help or hurt; Nearby St. Petersburg is becoming huge production base.(Special Report)(Brief Article)

Automotive News Europe, June, 2005

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The few automotive suppliers with operations in the Baltics are uncertain whether the emergence of nearby St. Petersburg, Russia, as a car production hub will help or hurt.

The growing Russian automotive market could be a positive influence on suppliers with locations in the Baltic states of Estonia, Latvia and Lithuania. The partsmakers hope to benefit from the low wages and economic security of new EU members to supply Russia.

On the other hand, suppliers may decide to move to Russia to be closer to the developing cluster of auto assembly plants.

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Automotive Industry

Baltics wonder whether Russia will help or hurt; Nearby St. Petersburg is becoming huge production base.(Special Report)(Brief Article)

Automotive News Europe, June, 2005

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