Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News

GM plans to further invest in Russia by taking a significant stake in OAO AvtoVAZ, Russia’s largest automobile maker according to Bloomberg.

While no dollar amount or percentage of the Russian investment was disclosed, GM’s current sales in Russia grew 75 percent as compared to 6 percent in the States, which clearly show how important the Russian auto market is to GM.

Other recent Russian investments by global automakers include Hyunda, Ford, Chongqing Lifan, and Daimler to name a few.

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