Porsche cars could be assembled in northwest Russia


A Porsche assembly plant could soon be constructed in the Leningrad Region in northwest Russia, the Vremya Novostei daily said on Thursday.

Leningrad Region officials held talks Wednesday with Valmet Automative Inc, a Finnish outsourcing company assembling premium specialty cars of different brands, including the Porsche Boxter and Porsche Cayman. The officials said the company is looking for a plant, which could be re-equipped with new production lines, the paper said. The regional government offered the company four potential sites, and the local governmental press service said the prospective investors were interested in the “attractive Leningrad Region.” “The negotiators did not specify which models would be assembled, but said the company wants to initially roll out up to 10,000 cars,” the daily said. “Valmet Automative wants to inspect the sites on offer and if the company is satisfied, another round of talks will follow.”

Local authorities have repeatedly announced talks with foreign carmakers, but most manufacturers have largely opted for adjacent St. Petersburg, home to five projects - Toyota, Nissan, GM, Suzuki and Hyundai. The Leningrad Region currently is only home to Ford models. (rian.ru)


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.