NEWS
April 8, 2012
Russian car market increased by 22% in the first quarter
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March 20, 2012
AutoInvest®Germany2012
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March 1, 2012
Post-release of the Conference «AutoInvest® 2012»
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February 20, 2012
Announcement of international events within the framework of series of «AutoInvest®» Conferences in 2012
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February 14, 2012
Helpful information for delegates of AutoInvest 2012
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February 3, 2012
MAN became a general partner of the Gala Dinner which will take place on February 16
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OPINIONS
Greeting to the participants of the international conference AUTOINVEST 2008 of I.Klebanov, Plenipotentiary Envoy of the President of the Russian Federtion to the North-West federal district
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Greeting to the participants of the international conference AUTOINVEST 2008 of S.Kogogin, Chairman of the Committee, NP «Association of OEMs of Russia»
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Magazine «Expert North-West», №8(310), February 26, 2007
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Economic automobile magazine «Autobusiness» № 75, March 2007
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Newspaper «Nevskoe Vremya», № 17, February 2, 2007
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Newspaper «Kommersant», № 22, February 13, 2007
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NEWS
Fiat finds Russian partner to build auto plant in Saint-Petersburg |
Sources: MOSCOW, Dec 21 (PRIME) -- Italian automaker Fiat has found a local partner to take part in the construction of a car plant in the Russian city of St. Petersburg, a source at the city’s administration and a source familiar with Fiat’s plans said late Tuesday, as cited by RIA Novosti.
RBC Daily reported Wednesday quoting a source familiar with the talks that Russia’s largest bank Sberbank is to act as Fiat’s partner. It is expected to finance the construction and receive a stake in the future facility. Investments into the facility were planned at 800 million–900 million euros.
In late June, Fiat signed an industry assembly agreement with the Economic Development Ministry, under which the company is to annually produce about 120,000 cars in Russia, as well as build an engine production plant. The company is expected to invest over U.S. $1 billion in the project. Initially, Fiat planned to build a car plant in the city of Nizhny Novgorod on the Volga, but later dropped the plans and started looking for another site.
The source at the St. Petersburg administration said that a final decision to build the plant in St. Petersburg has been made, with only certain details remaining to be discussed.
Fiat plans to produce Jeep sport utility vehicles at the plant, the source familiar with Fiat’s plans said.
RBC Daily said that the plant will be located in the St. Petersburg suburb of Yuzhny.
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