Russia

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Weak ruble, gov't subsidy slow Russia's sales decline

Nov. 12, 2014 15:14 CET

Russian car sales fell 10 percent last month, slowing from a 20 percent drop a month earlier, as the weak ruble and a government subsidy started to provide benefits....
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Lada sales rise in Russia as scrappage program helps to counter Western sanctions

Nov. 6, 2014 10:57 CET

AvtoVAZ said Russian sales of its Lada brand increased in October, the first rise in 19 months, as a scrappage program to counter Western sanctions over Ukraine helps to boost demand....
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VW will halt Russia output as sanctions, weak ruble hit demand

Nov. 3, 2014 13:52 CET

VW will halt production in Russia again as Western sanctions and the weak Russian ruble keep hurting auto demand. VW is shutting its factory in Kaluga for five working days through Nov. 7....
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Russia may extend car-buying subsidy scheme into 2015

Oct. 25, 2014 06:01 CET

Russia may extend an incentive scheme for new-vehicle purchases beyond this year to help the car industry weather an economic downturn which has caused sales to plummet 13 percent so far this year....
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Russia may allow Serbia export quota for Fiat cars

Oct. 16, 2014 18:01 CET

Serbian Prime Minister Aleksandar Vucic said an export quota may be agreed with Russia for Fiat 500L cars built in Serbia. Exports to Russia from Serbia have high customs duties....
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