Mazda and Sollers sign MoU for joint venture production facility in Russia

By / 12 years ago / News / No Comments

The facility would be established in Vladivostok and would supply several Mazda models for the Russian market.

The carmaker says that the move forms part of its plans to expand business in emerging markets.

Russia is Mazda’s second largest market in Europe and sales are rapidly increasing. Mazda sold approximately 28,000 units during the period from January through September 2011, a year-on-year increase of approximately 77%.

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