Eastern Europe

Skoda's 2018 sales goal at risk on Russia slump

March 11, 2015 06:01 CET

Skoda may need an extra year to reach its target of selling 1.5 million vehicles annually because of Russia's slumping car market, sales chief Werner Eichhorn told Automotive News Europe. The current deadline is 2018.... Read More »

Russian car sales fall 38% in February

March 10, 2015 15:30 CET

Russia's new-car sales fell 38 percent to 128,298 vehicle in February as consumers continued to avoid big purchases in an ailing economy plagued by a weakening ruble and Western sanctions over the conflict in Ukraine.... Read More »

Ford to cut 500 jobs at B-Max plant in Romania

March 6, 2015 16:31 CET

Ford will lay off about 500 people at its B-Max plant in Romania this year, less than the 680 initially envisioned. Ford began building the subcompact minivan at the plant three years ago, but low demand has led to multiple production stoppages.... Read More »

Fiat Chrysler's Polish plant will build restyled Fiat 500, Lancia Ypsilon, reports say

March 5, 2015 11:09 CET

Fiat Chrysler will start producing restyled versions of its Fiat 500 and Lancia Ypsilon models this year at its Tychy plant in Poland, reports said. The plant already builds the current versions of the two models alongside Ford's Ka minicar.... Read More »

AvtoVAZ raises Lada prices again on weak ruble

March 4, 2015 15:21 CET

Russian automaker AvtoVAZ has raised the prices of its Lada cars for the second time this year because of the weaker ruble. The automaker said prices rose by 4.8 percent on average after an increase of around 9 percent in January this year.... Read More »

Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET

Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said.... Read More »

DAVE GUILFORD

BLOG: Ford, Farley hope for success in U.S.-Russian diplomacy

12:01 am U.S. ET | March 3, 2015

Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the money-losing unit is “going to make progress in spite of the headwinds.”... Read More »

DAVE GUILFORD

BLOG: Ford, Farley hope for success in U.S.-Russian diplomacy

8:36 pm U.S. ET | March 2, 2015

Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the loss-making unit is “going to make progress in spite of the headwinds.”... Read More »

DAVE GUILFORD

BLOG: Russia, weak euro form backdrop for Geneva show

12:28 pm U.S. ET | March 2, 2015

Automakers usually don’t overreact to international tensions and currency fluctuations. That’s why the comments coming from auto execs on the verge of the Geneva auto show are so striking.... Read More »

Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET

Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine.... Read More »

PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET

PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales.... Read More »

Renault halts Moscow output on Russian sales slump

Feb. 11, 2015 16:06 CET

Renault will stop production at its Moscow factory for three weeks in response to a slump in Russian car sales. Renault's vehicle sales in the country fell 32 percent last month in a market down 24 percent.... Read More »

Russian car sales may fall up to 35% in 2015, PwC says

Feb. 9, 2015 11:55 CET

Russian new-car sales are expected to decline by 25 percent to 35 percent this year as a weakening ruble and a sharply declining economy hit demand, accounting firm PricewaterhouseCoopers said. Sales fell 24 percent in January.... Read More »

Ford will roll out 6 new models in Russia despite market slump

Feb. 8, 2015 11:20 CET

Ford will roll out six new models in Russia this year despite the country's sagging economy and rising tensions over the conflict in Ukraine, CEO Mark Fields told a German business magazine.... Read More »

YANG JIAN

BLOG: Qoros should ditch Europe ambitions and focus on China

5:47 am U.S. ET | Feb. 6, 2015

China's Qoros is embarking upon an ambitious plan to reinvent itself as a global automaker with a new CEO, Phil Murtaugh, a former boss of GM China, and a lineup of new vehicles. But with limited resources and rising debts, the automaker would do better to focus on its home market.... Read More »

Ford's Europe unit hit by pension cost hike, Fields says

Feb. 5, 2015 12:51 CET

Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe. Ford says it expects to narrow its 2015 pretax loss in Europe, but the figure will exceed the $250 million loss it previously projected.... Read More »

Renault CEO Ghosn says one-third of Russian car market will vanish as recession deepens

Feb. 3, 2015 12:02 CET

Renault-Nissan CEO Carlos Ghosn said Russia's car market will probably shrink by another fifth this year, putting pressure on the alliance he leads after it teamed up with AvtoVAZ to strengthen its leading position in the country.... Read More »

Ford's Russia woes worsen as weak yen helps rivals

Feb. 2, 2015 11:23 CET

Ford's Chief Financial Officer Bob Shanks expects that Russia will continue to weigh on the automaker this year as the country's economy slumps and Japanese rivals aggressively cut prices helped by the weak yen.... Read More »

GM to suspend output in Russia

12:01 am U.S. ET | Feb. 2, 2015

The weak and volatile Russian ruble has forced General Motors to suspend production at its St. Petersburg, Russia, assembly plant from mid-March until mid-May.... Read More »

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 »

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 »

 
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