Eastern Europe

Ford bullish on Russia as it takes control of local JV

April 10, 2015 11:58 CET

Ford says it has confidence in the Russian market despite collapsing vehicle sales. Ford is taking control of its Russian joint venture with Sollers and providing it with additional financial support. The automaker started production of its latest Mondeo at its St. Petersburg plant, the first of at least four new models the company plans to launch in Russia this year.... Read More »

Ford bullish on Russia as it takes control of local joint venture

6:00 am U.S. ET | April 10, 2015

Ford says it has confidence in the Russian market despite collapsing vehicle sales. Ford is taking control of its Russian joint venture with Sollers and providing it with additional financial support. The automaker today started production of its latest Mondeo at its St. Petersburg plant, the first of at least four new models the company plans to launch in Russia this year.... Read More »

Daimler nearing decision on Russian Mercedes plant, report says

April 9, 2015 06:01 CET

Daimler has narrowed down potential sites for a Mercedes car plant in Russia to three locations, according to a Russian media report. Daimler will likely make a decision next month on whether to build Mercedes cars in the country where its vehicle sales are increasing despite the market's steep downturn, the report said.... Read More »

Skoda unions issue strike threat over pay demands

April 9, 2015 12:53 CET

Unions at Skoda, Volkswagen's Czech unit, warned that they may strike after rejecting the company's offer for a 3 percent pay rise.... Read More »

Russian new-car sales fall 43% as economy slides

April 8, 2015 15:00 CET

Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western sanctions over Ukraine push the economy into recession.... Read More »

Russian auto sales plunge 43% as economy contracts

8:46 am U.S. ET | April 8, 2015

Russian car sales fell 43 percent last month, as the economy slides into recession. Sales of new cars and light commercial vehicles shrank to 139,850 units in March from 243,332 a year earlier, the Association of European Businesses in Russia said today in a statement.... Read More »

SsangYong aims to triple European sales, CEO says

April 3, 2015 06:01 CET

Korean automaker SsangYong aims to nearly triple its European sales this year to help offset a big slump in Russia, the company's CEO said.... Read More »

PSA's Slovakia unit to boost output with new model

March 31, 2015 15:29 CET

PSA expects to raise annual capacity at its factory in Trnava, Slovakia, to more than 300,000 by 2017 with the production of a new Citroen model.... Read More »

PSA, Mitsubishi cuts jobs in Russia, halt output again

March 27, 2015 11:06 CET

PSA and Mitsubishi will halt production at their joint venture plant in Russia for the second time this year and cut 100 jobs.... Read More »

Volkswagen will cut production, jobs at Russian plant

March 23, 2015 11:55 CET

Volkswagen said it will reduce shifts and lay off at least 150 workers at its car plant in Kaluga, Russia, as demand shrinks. The company builds Audi, VW and Skoda cars in Kaluga.... Read More »

Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week.... Read More »

NEWS ANALYSIS

In Russia: Ford holds; GM folds

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

Ford may be suffering just as badly from the meltdown in Russian car sales, but don't expect it to follow General Motors' lead and abandon dealers, suppliers and employees in Russia by exiting the market.... Read More »

Russia approves $166 million in subsidies for car plants

March 20, 2015 09:47 CET

Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. The Russian car market is forecast to shrink by up to 35 percent in 2015 after falling by 10 percent last year.... Read More »

Automakers stay in Russia despite risk of high losses

March 19, 2015 12:39 CET

Automakers such as Volkswagen, Renault and Ford continue to compete for market share in Russia, even as GM scales back in the country. Companies risk losing as much as $2,000 on each car sale, according to a Russian dealership association.... Read More »

GM's Russia sales hit by low adaptability to consumers, ruble fall, report says

March 19, 2015 10:59 CET

GM's car sales in Russia suffered because the company did not adapt to Russian consumer needs, the government's industry and trade ministry was quoted as saying. GM is idling its St. Petersburg plant and pulling Opel and mainstream Chevrolet models from the market.... Read More »

SsangYong suspends exports to Russia on weak ruble

March 19, 2015 11:55 CET

SsangYong has suspended exports to Russia as the plunging ruble hits demand in the automaker's biggest export market. In the first two months, the automaker's sales fell 61 percent in Russia.... Read More »

GM's Opel to exit Russia, Chevy to reduce lineup to 'iconic' models

9:10 am U.S. ET | March 18, 2015

General Motors' Opel division will exit the plunging Russian market and abandon production at its plant in St. Petersburg by the end of the year. In addition, Chevrolet will scale back its presence in Russia, selling “iconic” U.S.-built models such as the Corvette, Camaro and Tahoe.... Read More »

Nissan will suspend Russia production for 16 days on weak sales

March 17, 2015 11:27 CET

Nissan is suspending production at its St. Petersburg plant between March 16 and March 31 due to weak sales in Russia. The automaker's deliveries fell 45 percent in February in an economy weakened by lower oil prices and Western sanctions over the Ukraine crisis.... Read More »

Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history.... Read More »

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 »

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