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Business

Automakers downshifting Russian output as car sales stall

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  © Reuters

TOKYO -- While Russia may be the world's seventh-largest automobile market, with tremendous growth potential, political instability has begun weighing down car sales there and forcing automakers to adjust local production plans.

     A case in point is a joint-venture assembly plant of PSA Peugeot Citroen and Mitsubishi Motors, which stopped a line in September. The Renault-Nissan alliance and Toyota are also curbing output, and the trend could spread further.

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