Saturday, November 26, 2011

Mazda Signs MoU With Sollers for a New Joint Venture in Russia


China isn’t the only market where carmakers are currently expanding. Mazda, for example, is already producing the Mazda2 in Vietnam and will also produce the Mazda2 and Mazda3 in a new factory it is building in Mexico.

Today, the Japanese company announced that it has signed a Memorandum of Understanding (MoU) with OJSC Sollers for the establishment of a new joint venture plant in Russia.

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