General Motors and the Government of St. Petersburg signed a memorandum of understanding to work together on automotive technology to help sustain growth in the Russian auto industry
Like BASF’s existing system house in Nishnekamsk, the new sitewill also be a part of the joint venture with the Russian company OAO Nishnekamskneftechim (NKNC)
Japan’s Honda Motor is reportedly considering setting up an assembly plant in Russia, to enhance its competitiveness in Europe’s fastest growing car market