Autocomponents

As part of SPIC Hyundai Motor plans to build the engine plant with a production capacity of 150 thousand units per year in Saint-Petersburg in the next three years, the company will produce Gamma engines displacement of 1.6 liters. Investment under SPIC will be about 27 billion rubles.

The Ministry of Industry and Trade prepared a draft of updated rules for granting state subsidies to automakers. The document was required to prevent the deterioration of conditions to implement investment projects within the industrial assembly in connection with Russia's obligations on the accession to the WTO.