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11-07-2008, 10:42 PM #1
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General Motors Opens First Russian Factory
GM Opens First Russian Factory
Friday, November 7, 2008 10:30 AM
ST. PETERSBURG, Russia -- General Motors Corp. has opened its first Russian assembly plant.
The $300 million, 70,000-car-a-year factory that was dedicated Friday just outside of St. Petersburg is a bright spot for the staggering automotive giant.
This plant is GM's first in Russia, where demand for cheap, well-built cars has exploded amid a decade-long economic boom.
GM already produces 100,000 cars a year through Russian joint ventures.
The St. Petersburg region has become a mecca for foreign car manufacturers. Ford and Toyota have opened plants there and Nissan, Hyundai and Suzuki will also be launching production soon.
GM is having one of the worst years in its history and is expected to release a gloomy third quarter earnings report on Friday.
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11-07-2008, 10:49 PM #2
AND then they want the American citizen to bail them out.
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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11-07-2008, 10:51 PM #3
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AND then they want the American citizen to bail them out.Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
EXPOSED! UNITED NATIONS HAS A SECRET PLAN TO INVADE AMERICA |...
05-20-2024, 11:43 PM in Videos about Illegal Immigration, refugee programs, globalism, & socialism