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mazda

Mazda Motor Corp. announced that will form a joint venture with Sollers, one of Russia’s leading carmakers, in order to set up a vehicle manufacturing facility near Vladivostok.

According to Interfax news agency, the $80 million plant will have an output of 25,000-50,000 vehicles per year aiming to cover the increased demand on the Russian car market. During the first nine months of 2011, Mazda‚Äôs sales in Russia increased 77% percent compared to same period last year, reaching 28,000 units sold. Also, it must be said that Russia is Mazda’s second-largest market in its Europe region, behind Germany.

The Sollers Group activity includes production, sales and customer service for several famous nameplates, like UAZ jeeps, Ssang Young SUVs, as well as FIAT and Isuzu cars.
With more than 3 million vehicles expected to be sold by 2014, the Russian car market seems to recover from the global economic crisis. In 2009, sales increased with 49 percent compared to previous year. At least three major Japanese automakers – Nissan, Honda and Mitsubishi – already have factories in Russia. Jaguar Land Rover has also indicated it will set up a plant in 2012.

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