SOURCE: Industrial Info Resources

January 03, 2008 05:00 ET

Automotive Industry Revs Up in Russia, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 3, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Although the automotive industry in the U.S. continues to face headwinds from the housing market, the credit crunch and talks of possible inflation or stagflation, the automotive industry in Russia is thriving. Russia's economy is booming because of its vast natural resources (oil and natural gas), which are fetching premium prices and easy access to credit. Two plants have commenced operations in the past two months with several more under construction or in the planning stages with investments totaling more than $3.2 billion.

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