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18Sep/130

Toyota to make RAV4s in Russia after $181 million expansion

TOKYO - Toyota Motor Corp will invest around 18 billion yen ($181 million) to expand capacity at its St. Petersburg plant in Russia where it will start assembling its popular RAV4 SUV in 2016, the Japanese carmaker said on Wednesday. ? While car sales have been declining for six consecutive months in Europe's second biggest market due to an economic slowdown, Toyota has seen sales of the RAV4 rise by 43 percent to 27,000 vehicles in the eight months to August.

reuters.com

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