General Motors starts building of plant outside St. Petersburg

General Motors starts building of plant outside St. Petersburg

The GM plant in Shushary, outside St. Petersburg, will be the latest in a slew of foreign car plants springing up in Russia, where Ernst & Young has estimated that the market grew by 14.4 percent last year to 1.84 million vehicles per year. Sales of new foreign cars rose 60 percent in 2005 to 563,400, the AP reports.