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 »
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 »
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 »
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 »
Russia car output to soar, but not without risksJan. 9, 2013 08:00 CET  Russia's auto industry is in danger of sliding into the same overcapacity problem as the rest of Europe, analysts say. The warning comes after contract manufacturer Avtotor Holding became the latest to announce a major investment in Russian auto production.... Read More »
Renault-Nissan finalizes Russian auto dealDec. 12, 2012 09:59 CET  Renault-Nissan finalized a long-awaited deal to expand in the Russian market, investing $742 million in a joint venture which will control Lada-maker AvtoVAZ.... Read More »
Renault-Nissan deal with AvtoVAZ expected next weekDec. 6, 2012 09:48 CET  Renault and Nissan's $750-million deal to Renault effective control of Lada maker AvtoVAZ is expected to be signed next week.... Read More »
Russia sales up 14% in best ever JulyAug. 9, 2012 11:47 CET  Russian light vehicle sales grew 14 percent year-on-year in July to 255,560 units, which was a record for the month, the Association of European Businesses said.... Read More »
Renault mulls upscale brands, further expansion as Europe sales fadeJune 19, 2012 06:01 CET  Renault is considering adding two upscale brands and further expanding in emerging markets to decrease the automaker's reliance on Europe's shrinking volume car market, the carmaker's Chief Operating Officer Carlos Tavares said.... Read More »
Lada struggles to dominate in growing Russian market despite tie-up with Renault-NissanMay 23, 2012 08:04 CET  Lada, which has been the dominant brand in Russia for decades, is under pressure to defend its lead as major automakers push into a market poised to become Europe's largest by 2014. The move away from the brand by Russian consumers threatens Renault-Nissan's plan to dominate the market by taking control of Lada's owner AvtoVAZ.... Read More »
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