Mazda aims to build a vehicle assembly plant in Russia as the automaker recently announced the signing of a Memorandum of Understanding with Russian firm Sollers for a new joint venture.
Sollers, Russia’s industry giant, worked with many automakers, both domestic and foreign, to set up production and distribution channels throughout the country. Mazda’s future plant will be placed in Vladivostok, located in Russia’s Far Eastern Federal District.
Sales in the country had risen 77 percent in the first nine months of 2011 for Mazda and there are no signs of slowing down. Given that Russia is currently Mazda’s second-largest European market, this new joint venture manufacturing plant to anticipate future demand should prove prudent.
[Source: Left Lane News]