Carmakers outline Russian plans for tax breaks

Carmakers outline Russian plans for tax breaks
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Carmakers have been rushing to detail their plans to build in Russia before a deadline for tax incentives ran out.

Volkswagen is to make VW and Skoda cars in a joint venture with local firm GAZ, while Ford announced an assembly and distribution venture with Russia’s Sollers.

They have to agree to build three hundred thousand cars annually in Russia to get tax breaks on importing components.

Fiat has also said it has submitted plans to build that many vehicles annually. They would be Fiat and Jeeps through its links to Chrysler.

The tax incentives deadline was 28 February.

Passenger-car sales are predicted to reach three million in Russia by 2014 .

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