Land Rovers to be built in Russia
Thursday 18 March 1999
The German car group is investing DM125m (pounds 43m) in new production facilities and an expansion of its dealer network in Russia.
The new plant, to be run in collaboration with the local company Avtotor, will assemble the Land Rover Defender and the BMW 5 series from knock- down kits supplied from Britain and Germany.
Production is planned to rise to 10,000 a year in the medium term, of which 1,000 to 2,000 will be Land Rovers. At present Land Rover sales in Russia run at just 100 a year.
The Russian new car market is forecast to grow by 50 per cent over the next three years from 1 million to 1.5 million by 2002, and BMW said the outlook for the 4x4 market was "extremely promising".
The new plant will be located in Kaliningrad, a city which qualifies for special excise duty exemptions under Russian law. The expansion will create 1,300 jobs, of which 1,000 will be in the enlarged dealer network that will sell the Rover range alongside BMW's.
- 1 The difference between a migrant and refugee, in one sentence
- 2 Miley Cyrus calls out hypocrisy of women’s nipples being taboo
- 3 Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
- 4 iPhone 5c to be discontinued, no iPhone 6c to replace it
- 5 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Spain accused of 'provocation' after letting Russian submarine refuel off Gibraltar
The difference between a migrant and refugee, in one sentence
Allonautilus scrobiculatus: World's 'rarest' creature spotted for only the third time ever
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Stock up on canned food for stock market crash, warns former Gordon Brown adviser
Labour leadership: Jeremy Corbyn voters most likely to believe 'world is controlled by a secretive elite'
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...