Well, yesterday's post about the state of the Russian auto industry certainly hit the nail on the head - DaimlerChrysler announced today that it is putting its plans for a Russian Mercedes assembly operation on hold for the foreseeable future.
DCX had planned to invest at least $95 million in a St. Petersburg plant capable of producing up to 30,000 cars per year, but the company decided that tax and customs rules would make the venture uncompetitive.

Ford and Renault already manufacture in Russia, and Toyota is building a new facility to produce its Camry model.

[Thanks for the tip, Matt]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X