Russian car sales down 8% in AprilMay 17, 2013 06:01 CET  Russia's year-on-year car sales fell 8 percent in April after a decline of 4 percent in the previous month, the Association of European Businesses (AEB) said.... Read More »
Ford will build EcoSport in Russia for local marketMay 15, 2013 08:57 CET  Ford's Russian joint venture will begin building the EcoSport compact SUV in Russia next year for the local market, at a time when the demand for small SUVs is gaining traction in the country..... Read More »
Ford's Russian joint venture will build engine plantMay 14, 2013 14:13 CET  Ford's Russian joint venture will invest $274 million to build a new powertrain plant in Tatarstan. The plant will manufacture three different versions of 1.6-liter Duratec engines starting in December 2015.... Read More »
AvtoVAZ to lower sales forecast on weak Russian marketApril 18, 2013 15:57 CET AvtoVAZ, Russia's largest carmaker, will cut its 2013 sales and production forecasts due to the weak state of its home market, the company's CEO said. "We saw a certain decline in sales in March," Igor Komarov said. "We expect that in April the [growth] result will be also negative compared to April of 2012."... Read More »
VW, BMW, Daimler plan $25 billion hedge by building more autos abroadApril 16, 2013 08:34 CET  Volkswagen and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.... Read More »
Opel to push growth in Russia, Akerson tells paperApril 15, 2013 10:07 CET  General Motors' Opel brand will push growth in Russia and Turkey to offset slumping European slumping business but steer clear of China, GM CEO Dan Akerson said.... Read More »
Ford begins full-scale Explorer output in RussiaApril 11, 2013 22:10 CET  The first built-from scratch Ford Explorer rolled off the assembly line today in Russia -- the first time an Explorer produced outside the United States didn't come from a knock-down kit.... Read More »
Ford begins full-scale Explorer output in Russia 4:10 pm U.S. ET | April 11, 2013  The first built-from scratch Ford Explorer rolled off the assembly line today in Russia -- the first time an Explorer produced outside the United States didn't come from a knock-down kit.... Read More »
LUCA CIFERRI Germany stumbles in global sales race 12:01 am U.S. ET | April 4, 2013  Germany knows just how powerful the BRIC nations have become. Once the world’s third-largest vehicle-sales market, Germany is at risk of falling to seventh in the global ranking this year because of the rise of the BRICs (Brazil, Russia, India and China).... Read More »
Russian car sales growth slows to 2% in FebruaryMarch 11, 2013 14:01 CET  Russian car sales grew 2 percent year-on-year in February to 210,666 units, slowing from a 5 percent increase in the previous month, the Association of European Businesses (AEB) said on Monday.... Read More »
PAUL MCVEIGH Euro contagion means Russia car sales likely to pass Germany this year 12:01 am U.S. ET | March 5, 2013  Russia is likely to become Europe's biggest market for new vehicles as early as this year as current leader Germany succumbs to the euro zone crisis, according to Toyota Europe's sales and marketing boss Karl Schlicht.... Read More »
PSA in talks with Russia's ZIL on vehicle making pactMarch 1, 2013 16:19 CET  PSA confirmed it is talking with Russian vehicle manufacturer AMO ZIL about the possibility of cooperating as the French company plans to boost sales in the country.... Read More »
Toyota to expand Russia lineup with U.S.-made VenzaFeb. 26, 2013 13:34 CET  Toyota will expand its model lineups in Russia and Ukraine by adding the U.S.-built Venza to the mix. The world's largest automaker will begin shipments of the wagon later this year as a way to generate added revenue for its U.S. operations.... Read More »
Renault-Nissan, UniCredit create Russia finance ventureFeb. 14, 2013 15:50 CET  Renault-Nissan will create a joint venture with Italian bank UniCredit to sell loans to car buyers in Russia. The alliance will have a 60 percent stake in the venture, while UniCredit will hold 40 percent, the companies said in a joint statement.... Read More »
Russian automakers mull luxury brand to rival BMW, MercedesFeb. 14, 2013 14:29 CET  Russian automakers are considering their government's desire for a domestic luxury brand to challenge the dominance of Western premium brands such as BMW, Mercedes-Benz and Audi, but they appear cool on the proposal.... Read More »
Russian car sales grew 5% in January; flat 2013 forecastFeb. 11, 2013 06:01 CET  Russian new-car sales grew 5 percent year-on-year in January, the Association of European Businesses said.... Read More »
Renault's European fix in danger as Russian growth slowsFeb. 7, 2013 06:19 CET  Russia's car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault's efforts to offset slumping demand in Europe.... Read More »
Chevrolet looks to GAZ to help it keep Russia lead 9:00 am U.S. ET | Feb. 5, 2013  General Motors is hoping its production alliance with Russia's GAZ Group will help Chevrolet remain the country's top-selling foreign brand. GAZ started making the Aveo sedan on Tuesday and will begin assembling the hatchback variant in late March with a goal of producing 30,000 units of the subcompacts this year.... Read More »
Chevrolet looks to GAZ to help it keep Russia leadFeb. 5, 2013 15:00 CET  GM is hoping its production alliance with Russia's GAZ Group will help Chevrolet remain the country's top-selling foreign brand. GAZ started making the Aveo sedan today and will begin assembling the hatchback variant in late March with a goal of producing 30,000 units of the subcompacts this year.... Read More »
GM replots emerging market strategy, hedges on China partner 9:09 am U.S. ET | Jan. 27, 2013  GM is reconsidering its emerging-market strategy, CEO Dan Akerson says, in remarks that could dent the global ambitions of its Chinese partner, SAIC Motor. GM has indicated for three years now that it would use SAIC, which produces affordable no-frills cars in joint ventures with GM, as its ideal partner to expand in emerging markets. But in recent months, GM has been looking to partner with Peugeot Citroen in Europe but also in Russia and Latin America.... Read More »
Russian car market sales value up 21.9% in 2012, Ernst & Young saysJan. 25, 2013 13:47 CET  Russia's car market increased in value by 21.9 percent to 2.33 trillion rubles ($77 billion) in 2012, according to data from auditing firm Ernst & Young.... Read More »
Russian car sales will rise 5% in 2013, PwC saysJan. 22, 2013 10:07 CET  Russian car sales will likely rise by 5 percent in 2013 to around 2.9 million, PricewaterhouseCoopers said on Tuesday. The figure represents a slowdown from the previous year but is in stark contrast to recession-bound Europe where car sales slid to a 17-year low.... Read More »
AUTOMOTIVE NEWS WORLD CONGRESS Auto industry hardball, Russian style: Bo vs. Putin 12:01 am U.S. ET | Jan. 21, 2013  Bo Andersson is doing to the Russian auto industry these days what he spent a decade doing to the North American industry: making it sweat.... Read More »
VW sees rapid Russia sales rise in 2012Jan. 18, 2013 06:01 CET  Sales of VW brand cars in Russia rose 40 percent year-on-year in 2012. This helped VW Group, which also includes Skoda, Audi and Seat, boost its 2012 volume in the country 39 percent to 317,700 vehicles.... Read More »
Russia sales forecast to be flat in 2013Jan. 15, 2013 16:00 CET  Russian car sales have slowed and are expected to be flat in 2013 after record volumes last year, industry figures showed, as drivers curb spending with an eye to economic troubles in Europe and the United States.... Read More »
|
