icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

First-ever Russian-Japanese auto venture

Russian automaker Severstal-Avto and Japanese truck maker Isuzu will launch a joint venture in the Volga region, after signing an agreement on Monday.

The new company will start production in the first half of next year at two plants: one in Ulyanovsk, and the other in Tatarstan.

The joint venture is aiming to produce 25,000 trucks a year and is the first Russian-Japanese undertaking in the history of the motor industry.

Russia's Severstal-Avto holds a 66% stake in the new company. Isuzu owns 29% and the Isuzu trading house holds the remaining shares.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts