Mitsubishi Motors president Osamu Masuko has suggested the automaker may consider ways of manufacturing vehicles locally in Russia, including building a plant in the country where it has been enjoying increasing sales.
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”It is our future challenge to examine how to produce vehicles (in Russia),” Masuko said in a speech in Tokyo, according to Kyodo News, showing his ambition for expanding business in the country.
Kyodo noted that Mitsubishi Motors has said it expects a surge in its Russian sales for fiscal 2005 to some 55,000 units, up from 37,000 units it sold in fiscal 2004 which ended March 31.
In June this year, Toyota began building a vehicle production plant in the suburb of St. Petersburg, becoming the first Japanese automaker to move toward local production, the report added.
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