Car sales in Russia rose 5% to 2.95M in January, according to data from the Association of...

|By:, SA News Editor

Car sales in Russia rose 5% to 2.95M in January, according to data from the Association of European Businesses. It's nice progress for a market eventually expected to overtake Germany as the most important in the region. General Motors (GM +0.8%), Ford (F +0.4%), Fiat (FIATY.PK), and Volvo (VOLVY.PK) have all stepped up their investments in the nation with an eye to the potential growth opportunities.