Template-Type: ReDIF-Article 1.0 Author-Name: Tatyana A. Vityutina Author-Email: apkul9@yandex.ru Author-Workplace-Name: Kaluga Branch of the State University of the RF Ministry of Finance, Kaluga, Russia Author-Name: Tatyana E. Pirogova Author-Email: te_pirogova@mail.ru Author-Workplace-Name: Kaluga Branch of the State University of the RF Ministry of Finance, Kaluga, Russia Title: Attracting Foreign Investment in Russian Car Industry Abstract: The article discusses regulation of foreign car manufacturers in our country. Analysis of the data of General Motors, Volkswagen, Peugeot, Citroën, Mitsubishi Automobiles Rus systemizes the localization of production issues relevant to Russia. Lessons learnt from establishment of a car industry cluster and its impact on economic development of the region are analyzed using Kaluga Oblast as an example. Analysis of development of the main business dimensions of the foreign car manufacturers in Russia is presented. Classification-JEL: E22, F21 Keywords: foreign investment, car industry, state regulation, localization of production, cluster Journal: Finansovyj žhurnal — Financial Journal Pages: 57-68 Issue: 3 Year: 2011 Month: July File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2011/3/statii/2011_03_05.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:110305:p:57-68