MILAN (AP) -- Fiat's auto parts supplier and subsidiary Magneti Marelli says it has opened a new plant in Russia with the goal of becoming one of the region's major players.
The plant near the city of Ryazan, 200 kilometers (124 miles) southeast of Moscow, will make car rearlights and headlights, reaching a capacity of 2 million pieces annually for automakers in Russia, including Autovaz, Gaz and Sollers as well as Renault, Volkswagen and Ford.
It joins another Magneti Marelli lighting plant built nearby in 1995.
"Our goal is to become a leading player in the sector of automotive components in Russia, the only market that is currently showing an upward trend in Europe and one of the most important ones at the global level," CEO Eugenio Razelli said in a statement Wednesday.
