Eastern Europe

GM will suspend output at Russian plant

Jan. 29, 2015 20:01 CET
General Motors will suspend production at its plant in St. Petersburg, Russia, from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.... Read More »

 

Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand.... Read More »

 

Daimler will invest more in Hungary to boost compact car output

Jan. 20, 2015 13:32 CET
Daimler will boost compact car output at its Mercedes-Benz factory in Hungary after the automaker launched production of a new model, the CLA Shooting Brake. The automaker has seen strong demand for its compact lineup, which grew 25 percent last year.... Read More »

 

Renault's 2014 sales rise 3% as budget cars offset Russia drop

Jan. 19, 2015 10:40 CET
Renault delivered 3 percent more vehicles globally last year as strong European sales of cars such as the Renault Captur and no-frills Dacia Sandero helped offset falling demand in Russia and South America.... Read More »

 

Russia car sales forecast to drop 24% as economic crisis worsens

Jan. 15, 2015 12:01 CET
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the country heads for recession. Major Western automakers including Ford, GM, and VW saw their Russian vehicle sales plunge steeply last year.... Read More »

 

Lada prices will rise 9% on ruble weakness

Jan. 13, 2015 13:54 CET
AvtoVAZ will increase the price of Lada cars by 9 percent as Russia's biggest carmaker becomes the latest automaker to push up prices in a worsening economy hit by low oil prices and Western sanctions over the Ukraine crisis.... Read More »

 

VW to expand Slovakia plant, report says

Jan. 13, 2015 13:00 CET
Volkswagen will invest up to 500 million euros in its Slovakia plant, a report said. The plant builds minicars and large SUVs for the VW group and will add production of bodies for the Bentley Bentayga SUV.... Read More »

 

Record Czech car registrations in 2014 as economy recovers

Jan. 6, 2015 18:46 CET
Czech new-car registrations jumped 17 percent in 2014 to a record high of 192,314 units, with more growth seen this year.... Read More »

 

EDITORIAL

In Russia, it's wise to think long term

12:01 am U.S. ET | Dec. 29, 2014
With the ruble collapsing and Russia's auto sales tumbling this year, automakers there are awash in red ink. Ford Motor Co. and BMW have raised prices to cope with a ruble that has lost more than 40 percent of its value against the U.S. dollar since Jan. 1. Several other automakers have temporarily halted or limited sales in Russia.... Read More »

 

DAVE GUILFORD

Why Russia's crash is just part of the emerging markets drill

12:01 am U.S. ET | Dec. 23, 2014
Russia is the latest developing market to go through convulsions. But automakers invested in Russia say they’re staying. Their eyes are on the prize of long-term sales growth.... Read More »

 

In Russia, all are losing, but none are leaving

12:01 am U.S. ET | Dec. 21, 2014
Despite suffering heavy losses in Russia's sinking economy, global automakers say they still expect a long-term payoff from their huge investments there.... Read More »

 

AvtoVAZ blames supplier woes for Lada's loss of No. 1 spot

Dec. 20, 2014 06:01 CET
AvtoVAZ blamed supplier problems for Ladas failure to have the No. 1-selling car in Russia last month after the Kia Rio outsold the Lada Granta.... Read More »

 

Ghosn says ruble plunge a 'bloodbath' for automakers

Dec. 19, 2014 10:04 CET
The ruble's plunge is creating a "bloodbath" for automakers in Russia, Renault-Nissan CEO Carlos Ghosn said. Nissan and Renault have stopped taking orders for some cars in Russia and could raise prices on others if the ruble continues to fall, he said.... Read More »

 

GM, Audi, Jaguar halt Russia sales on ruble's collapse

Dec. 18, 2014 13:12 CET
GM, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble's collapse.... Read More »

 

Renault-Nissan and AvtoVAZ form Russia's biggest auto parts buyer

Dec. 18, 2014 14:20 CET
The Renault-Nissan alliance and AvtoVAZ will merge their purchasing activities in Russia to create the largest buyer in the country's auto industry.... Read More »

 

Asian carmakers' Russia ambitions hit by ruble collapse

Dec. 17, 2014 13:28 CET
Asian carmakers, which have been gaining market share in Russia at the expense of European and U.S. rivals, have been hit as the ruble plunges and auto sales skid.... Read More »

 

Nissan doubles output at Russian plant

Dec. 12, 2014 06:01 CET
Nissan is boosting production in Russia as the collapse in the ruble hits its profits. The company started production of its X-Trail SUV at its St. Petersburg factory this week and will add the Qashqai next year.... Read More »

 

Russian auto market decline slows in November

Dec. 8, 2014 14:31 CET
Russian car sales fell 1 percent in November compared with 10 percent the month before as a state scrappage program and a rush to buy cars ahead of price increases helped the country's troubled auto market.... Read More »

 

Daimler seeks to open a car plant in Russia, report says

Dec. 4, 2014 17:31 CET
Daimler has applied to the Russian city of St. Petersburg to set up a car factory there, Interfax news agency reported, citing local officials. Daimler's Mercedes-Benz is Russia's top-selling premium brand.... Read More »

 

Ford will add Fiesta output in Russia as Focus slides

Dec. 4, 2014 06:01 CET
Ford will build the Fiesta subcompact in Russia next year as it scrambles to replace sales lost by collapsing demand for its Focus compact. The Fiesta will be produced alongside the EcoSport small SUV at Ford's third joint venture plant in Russia.... Read More »

 

Russia will extend car purchase incentive plan

Dec. 3, 2014 10:29 CET
Russia will earmark 10 billion rubles (150 million euros) in 2015 to extend a scrappage program for new vehicle purchases. Russia car sales have been hit by a frail economy struggling under Western sanctions and a weakening ruble.... Read More »

 

CAR CUTAWAY

Magna, Haartz team up on Opel Cascada roof

5:26 am U.S. ET | Nov. 26, 2014
Magna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof. Haartz supplies an acoustically enhanced three-ply composite that offers enhanced sound deadening and insulation.... Read More »

 

Suzuki plant in Hungary will return to double shifts ahead of Vitara launch, report says

Nov. 21, 2014 06:01 CET
Suzuki will return to two-shift production at its plant in Hungary as it prepares to launch the new Vitara subcompact crossover, a report said.... Read More »

 

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.... Read More »

 

VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET
Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble.... Read More »

 

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