Browsing: car industry

A St. Petersburg-based plant formerly belonging to Japanese automaker Toyota has been handed over to Russian high-end carmaker Aurus, Russia’s acting Minister of Industry and Trade, Denis Manturov, said on Tuesday. The brand is best known for producing limos for the Russian president.

Germany’s automobile industry is in decline and the country needs assistance to salvage it, Russian President Vladimir Putin said during a visit to the All-Russia Exhibition Center in Moscow on Thursday.