Russia's Industry and Trade Ministry on April 1 announced measures to support the struggling domestic car industry, including subsidies aimed at cutting high interest rates that have slowed the auto loan market to a crawl.
The Moscow Times: Russian government to subsidize auto loans as car market collapses
Boby shells of automobiles of US auto producer General Motors (GM) sit on a conveyor outside St. Petersburg in Shushary on Nov. 7, 2008.
