Eastern Europe

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 »

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

BLOG: 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 »

 
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