Toyota looking to Russia

Olivier Panis, San Marino GP 2003

Olivier Panis, San Marino GP 2003 

 © The Cahier Archive

The Toyota Motor Corp is rumored to be on the verge of an announcement that it will build a factory in Russia with the aim of starting production of SUVs in within the next four years. Toyota wants to get a share of the growing Russian automobile market. The company is aiming to sell 20,000 Land Cruisers a year in Russia within five years. Toyota continues to push hard in Europe, its stated goal being to win a five percent share of the European market by 2005. This effort is being supported by the Toyota F1 program. Toyota is believed to be keen on the idea of a Grand Prix in Russia.

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