See, while America's auto sales have gone into a nosedive, Russia just surpassed Germany to become the largest automobile market in Europe this year. Russians bought as many cars in the first six months of 2008 as they did in the entire last year, 1.65 million to be exact. The luxury category has posted the biggest growth, adding hundreds of thousands of uber-expesive automobiles to Russia's decrepit roads.
Nothing against the Gazprom, BMW, and Mercedes workers, but this is a poor model of economic development for both countries.
