Toyota Plans to Open Russian Plant
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Toyota Motor Corp plans to build a factory in the Russian city of St. Petersburg, the first local production in that nation by any Japanese carmaker, company officials were quoted by Kyodo news agency as saying.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer over unpaid back tax bills, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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Japanese carmaker Nissan begins building work on a $200m car factory in Russia.
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Toyota announced an ambitious plan Wednesday to boost global sales to 9.8 million vehicles in 2008 &#151; driving home a message of stellar success as its troubled U.S. rivals are closing plants and scaling back production.
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Toyota, Japan's biggest automaker, plans to invest some 100 billion yen ($830 million) to build a sport utility vehicle plant in Mississippi, the Nikkei business daily said on Tuesday.
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Japanese automaker Toyota Motor Co. said Tuesday it will to invest an additional 17.8 million euros (&#36;22 million) at its French production plant, citing record sales in Europe.
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Magnitogorsk Iron and Steel, a Russian steel maker, plans to spend at least $1 billion on a plant in Ohio to produce steel for carmakers.
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Toyota Motor Corp. said on Tuesday it would build a $1.3 billion assembly plant near Tupelo, Mississippi, the latest step by the fast-growing automaker to keep pace with American demand for its light trucks and cars.
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The Russian government will sell its stake in the nation's largest steel mill, Magnitogorsk Iron &amp; Steel Works, at an open auction next month, the Russian Federal Property Fund said Friday.
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Japan&#39;s top automaker Toyota hopes to sell more than 8 million vehicles worldwide next year and plans to introduce a hybrid version of its luxury sedan Lexus GS in 2006, company executives said Tuesday.
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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.
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Japan's Mitsubishi Motors Corp announced a long-awaited deal with the Russian government on Friday that would grant it financial incentives to assemble cars locally.
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The Russian LUKoil is ready to invest another US$400 million in the Bulgarian-based petrochemical plant, LUKoil-Neftochim Burgas by 2012, to double the present-day total, said Vaghit Alekperov, LUKoil ...
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MOSCOW : The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.
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Russia's state monopoly Gazprom said on  Tuesday it wanted to buy the main unit of stricken oil firm  YUKOS, effectively reclaiming a huge share of nation's oil  riches for the Kremlin.
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Toyota Motor extended its political and manufacturing muscle in the United States with the announcement yesterday of a $1.3 billion assembly plant in Mississippi.
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Chrysler Group (DCXGn.DE)  plans to strengthen its presence in Russian car sales and  production, a top executive said in the advance abstract of an  interview with Automotive News Europe.