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Thursday, February 9, 2012
News Making Money

Nissan launches SUV assembly in Petersburg

02/11/2009 16:45 (829 Day 05:09 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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04/11/2011 04:38 (97 Day 18:16 minutes ago)

The FINANCIAL -- President Shimon Peres had talks with Greek Cypriot leader Dimitris Christofias during a key visit to the island on Thursday, discussing gas finds in the eastern Mediterranean, a discovery that has sparked a crisis between Turkey and Greek Cyprus.

 

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