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Saturday, November 21, 2009
News Making Money

Nissan launches SUV assembly in Petersburg

02/11/2009 16:45 (19 Day 00:08 minutes ago)

The FINANCIAL -- According to RIA Novosti, Japanese automaker Nissan has launched the production of X-Trail crossover sport utility vehicles at its facility in Russia's second largest city, the company's Russian division said on November 2.

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"Today we have started assembly of the Nissan X-Trail. This is one of the company's bestsellers and it will no doubt attract demand," said Tatyana Natarova, a spokeswoman for Nissan Motor Rus.

 

Natarova declined to specify the output plan or the price of X-Trail cars to be assembled in Russia, saying the company's plans would depend on economic indicators at the moment of decision-making.

 

Nissan's St. Petersburg facility, which was opened on June 2, 2009, had until now produced only Nissan Teana business-class cars.

 

Nissan announced plans to open an assembly line near Russia's second city in April 2006, and construction was formally started at a groundbreaking ceremony in July 2007.

 

The plant is expected to produce 50,000 cars a year once it reaches its designed capacity. Investment in the project has totaled $200 million.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (02:59 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (06:13 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.







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