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. Last Updated: 07/27/2016

BMW Assembly Starts

MOSCOW -- German carmaker BMW began assembling BMW and Land Rover models in Russia's Baltic enclave of Kaliningrad on Thursday, Segodnya reported.

BMW is manufacturing its cars at the Avtotor plant in Kaliningrad's special economic zone, which will allow BMW to import auto parts and other equipment into Russia without paying customs duties.

Avtotor was to roll out 24 BMWs Thursday, the daily said.

A BMW model made in Kaliningrad will sell for about $40,000 in Russia, or 20 percent less than $50,000 charged for a similar model imported from Germany.