According to the latest rumors have Fiat plans to invest 1.6 billion euro in Russia for the construction of a new plant from 300,000 cars a year. Internal sources have suggested that the Italian company would be in contact with the VEB (the Russian state-owned bank) and the EBRD (European Bank for Reconstruction and Development) to obtain the necessary funding.
By VEB there would have been a first, positive meeting. The booming Russian market (+77% with 293,495 units in the last two months) is attracting many manufacturers, eager to gain significant market share and exploit government incentives for the development of the auto industry: they will be accessible to foreign corporations, provided that they assemblino at least 300,000 cars per year on Russian soil since 2015.
By VEB there would have been a first, positive meeting. The booming Russian market (+77% with 293,495 units in the last two months) is attracting many manufacturers, eager to gain significant market share and exploit government incentives for the development of the auto industry: they will be accessible to foreign corporations, provided that they assemblino at least 300,000 cars per year on Russian soil since 2015.
