Russian president Vladimir Putin recently announced that his government will spend $16.6 billion, or 584 billion rubles to help its automotive industry as a stimulus package to help technology development, employee retraining, direct subsidies and cash-for-clunker-style consumer stimulus. The government also announced that another $20 billion worth of investment for the industry will also come from foreign investors. The stimulus packages are aimed to minimize all the problems plaguing the country's ... Read More
