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Tag: CIS

Carmakers in Russia Eye Exports as Home Market Crumbles

Carmakers in Russia Eye Exports as Home Market Crumbles

Foreign carmakers in Russia are looking to ramp up production and export locally-made vehicles to compensate for plunging domestic sales, having taken steps to reduce their dependence on costly imported parts. After a decade of annual sales growth in excess of 10 percent, the Russian car industry has become a casualty of an economic crisis…

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