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Car industry in Russia is hopeless · 2007-04-07 16:33

Lada KalinaDeputy Prime Minister Sergey Ivanov has announced that the car industry in Russia is hopless, as Russian passenger cars are not competitive. Moreover there aren't any promising models among them.

“I would give my support to the Russian car if it was competitive,” Kommersant quoted Sergey Ivanov as saying. “As for passenger cars, I don't see any promising models.”

“Our KamAz's are competitive, people buy them,” the deputy premier said, referring to the KamAZ trucks which are exported to many countries. “But no one in the world is going to buy a car or a weapon just as a favor to us.”

At the same time, the deputy prime minister lauded recent experience of drawing international carmakers to Russia as car giants have lately been extremely active to set up their productions in the country.

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