Toyota on Friday said it had received permission from Russian authorities to build a car plant near St. Petersburg.
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Toyota plans to invest US$140 million in the plant, the construction of which will start in the fourth quarter of 2006 and finish in mid-2007, a spokeswoman told Dow Jones.
She reiterated that Toyota will start production at 20,000 Camry models a year and gradually increase output to 50,000 a year, the news agency said.
