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Political uncertainty, crime cloud Russia''s auto future.

Publication: Automotive News
Publication Date: 29-DEC-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Political uncertainty, crime cloud Russia''s auto future.(News)

Article Excerpt
Byline: Chris Wright

Russia's potential for automotive growth is second only to China's, but the industry must overcome crime, regulatory restrictions, import barriers and political uncertainty if the country is to fulfill its promise.

Sales projections for 2010 vary wildly - up to 10 million units per year. Approximately 1.2 million passenger vehicles were sold in Russia last year.

When gray market sales are factored in, the volume was more than 1.5 million in 2002.

Ford Motor Co., General Motors and Renault SA build or plan to start producing cars at plants in the country of 146 million people.

Volkswagen AG has...

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