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US auto giant General Motors will invest a billion dollars in its Russian plants by 2018 to build more cars for the expanding market, a GM executive said Wednesday. "We will invest an additional $1 billion into Russia, expand the capacity of the plant in Saint Petersburg to 230,000 cars per year and of the joint enterprise with AvtoVAZ in Togliatti to 120,000," said Jim Bovenzi, the president of GM Russia, as quoted by Interfax news agency in Russian. The company also operates a factory in Russia's western exclave of Kaliningrad. Its total Russia investment has currently reached $500 million, Bovenzi said. Russia's car market has expanded over the last decade to become one of the biggest in the world and second only to Germany in Europe. In 2011 sales grew by an annualised 39 per cent to reach 2.65 million cars, according to a report by the accounting and advisory group Ernst and Young. US auto giant General Motors will invest a billion dollars in its Russian plants by 2018 to build more cars for the expanding market, a GM executive said Wednesday. "We will invest an additional $1 billion into Russia, expand the capacity of the plant in Saint Petersburg to 230,000 cars per year and of the joint enterprise withAvtoVAZ in Togliatti to 120,000," said Jim Bovenzi, the president of GM Russia, as quoted by Interfax news agency in Russian. US auto giant General Motors will invest a billion dollars I thank you Firozali A.Mulla DBA

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