Eastern Europe

Luxury car sales surge in Russia despite crisis

Feb. 3, 2016 16:34 CET

More and more Porsche, Bentley and Rolls-Royce cars are appearing on Russian roads as wealthy buyers take advantage of a weak ruble that means luxury cars are considerably cheaper in Russia than in the U.S.... Read More »

PSA will recall 2,484 cars in Russia over possible problem with electronics

Feb. 2, 2016 14:18 CET

PSA/Peugeot-Citroen will recall 2,484 Peugeot 4007 crossovers in Russia because of possible problems with their electronics systems.... Read More »

Hyundai posts first monthly global sales decline since July

6:25 am U.S. ET | Feb. 1, 2016

Hyundai's sales fell for the first time in six months in January, dragged down by demand in emerging markets including China, Brazil and Russia.... Read More »

Russia's car industry will get new gov't subsidies

Jan. 22, 2016 15:01 CET

Russian Prime Minister Dmitry Medvedev signed a decree to provide $631.35 million in government subsidies to the country's troubled car industry.... Read More »


The auto world according to Jonas

12:01 am U.S. ET | Jan. 18, 2016

Give Adam Jonas a mic and a stage, and you better brace for a rat-a-tat-tat of snap judgments.... Read More »

Western automakers hit hard as Russia car sales fell 36% in 2015

Jan. 14, 2016 12:36 CET

Russia's car sales plunged by 36 percent in 2015 in a disastrous year for Western automakers with operations in the country. The pace of the market's decline is set to slow this year, industry insiders said.... Read More »

Daimler still plans Mercedes plant in Russia despite weak market

Jan. 13, 2016 06:01 CET

Daimler remains committed to adding a plant in recession-hit Russia to support the 'remarkable' performance of its Mercedes brand, CEO Dieter Zetsche said.... Read More »

Aston Martin mulls Macedonia for car plant, report says

Jan. 11, 2016 14:01 CET

Aston Martin is considering a car plant in Macedonia to build its DBX crossover after the former Yugoslav republic made an improved offer to the carmaker, Reuters reported.... Read More »

Czech new-car sales jump to record in 2015

Jan. 8, 2016 12:17 CET

Czech new-car sales rose 20 percent in 2015 to a record number on the back of a fast-growing economy.... Read More »


Suppliers to the new Audi Q7

12:01 am U.S. ET | Jan. 8, 2016

Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory in Bratislava, Slovakia. Output is expected to peak at more than 89,000 units this year, according to IHS Automotive.... Read More »

Toyota, PSA boost joint Czech output 8% in 2015

Jan. 8, 2016 11:49 CET

Toyota and PSA/Peugeot-Citroen's factory in the Czech Republic increased production by 8 percent in 2015... Read More »

Hyundai's Czech factory expects to increase production by 2% in 2016

Jan. 4, 2016 17:01 CET

Hyundai's Czech unit aims to boost output by 2.3 percent to 350,000 cars in 2016 after beating production targets last year.... Read More »

Russia to spend $275 million in first half to help car industry

Dec. 29, 2015 20:15 CET

Russia's government will spend $275 million to support the car industry in the first half of 2016. New-car sales in the country took their biggest hit this year in November.... Read More »

Russia car sales may fall 14% in 2016, PwC forecasts

Dec. 26, 2015 12:04 CET

Russian car sales may fall 14 percent next year to 1.1 million if the country's economy heads into a second year of recession, according to PricewaterhouseCoopers.... Read More »

Hyundai expected to miss global sales target for first time since 2008

6:33 am U.S. ET | Dec. 21, 2015

Hyundai is poised to sell fewer vehicles than it projected for the first time since the global financial crisis, after an economic slowdown sapped demand in China and emerging-market earnings slumped due to unfavorable exchange rates.... Read More »

Jaguar Land Rover says Slovakia plant will start production in 2018

Dec. 11, 2015 08:39 CET

Jaguar Land Rover said today it will start production in 2018 at a new $1.5 billion factory in Slovakia. The plant will produce a range of aluminum Jaguar Land Rover vehicles, the automaker said.... Read More »

Jaguar Land Rover clinches deal with Slovakia on new factory

Dec. 10, 2015 21:24 CET

Jaguar Land Rover reached an agreement with Slovakia on the construction of a new factory with a production capacity of 300,000 cars a year, the country's government said.... Read More »

Jaguar Land Rover will sign Slovakia plant deal this week, gov't sources say

Dec. 8, 2015 15:19 CET

Jaguar Land Rover and the Slovak government will sign an agreement this week on a production plant in Slovakia, sources said. The automaker signed a letter of intent in August to build the plant, which is expected to produce up to 300,000 cars a year.... Read More »

Russian car sales plunge 43% in November

Dec. 8, 2015 12:47 CET

Russian car sales plunged 43 percent in November, the biggest monthly drop this year, as a weakening ruble continued to hit demand. Ford, GM and Toyota each saw volume decline more than the overall market last month.... Read More »

Ford mulls expanding Russian exports to eastern Europe

Dec. 8, 2015 11:01 CET

Ford may export cars from Russia to eastern Europe to offset the Russian market's deep slump caused by the country's economic crisis. The automaker can produce as many as 350,000 cars a year in Russia and has considerable potential to ramp up exports.... Read More »

VW's global sales fall 5.3% in October amid emissions scandal

10:44 am U.S. ET | Nov. 13, 2015

Global deliveries at Volkswagen AG's namesake passenger-car brand dropped 5.3 percent in October as Europe's largest automaker struggled to contain the fallout from a cascade of emissions-manipulation revelations.... Read More »

Russian car sales plunge 39% in October

Nov. 10, 2015 14:17 CET

New-car sales in Russia fell 39 percent in October, increasing the pace of decline during the country's economic slump.... Read More »

Ghosn says Renault-Nissan alliance poised to win big when Russia rebounds

Nov. 5, 2015 06:01 CET

Renault-Nissan CEO Carlos Ghosn says the alliance's brands – including Lada, Datsun and Infiniti – are well positioned to benefit once Russia's sales slumps ends.... Read More »


Tavares outlines PSA's product, technology offensive

Nov. 3, 2015 06:01 CET

PSA/Peugeot-Citroen CEO Carlos Tavares is convinced that the good times at the automaker have only just begun as the company readies a product and technology offensive that will help counteract Russia's sales slump and China's slowdown.... Read More »


BLOG: Tough tasks ahead for new Skoda chief

12:01 am U.S. ET | Oct. 23, 2015

New Skoda CEO Bernhard Maier inherits a brand in good shape but he must deal with cooling China and Russia markets, and address the problem of Skodas fitted with VW Group's cheat software.... Read More »

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