Russia

AvtoVAZ chief Andersson in struggle with Soviet-era suppliers

June 23, 2015 13:23 CET

AvtoVAZ Chairman Bo Andersson is fighting back against Russian suppliers he says are hindering his efforts to improve quality and cut purchasing costs at Lada, the country's best-selling car brand. AvtoVAZ resumed production today at its plant in Togliatti after output was suspended because of problems with the supply of parts....
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GM to keep profitable JV in Russia

12:01 am U.S. ET | June 15, 2015

General Motors and AvtoVAZ will keep their profitable Russian joint venture, AvtoVAZ CEO Bo Andersson said. GM is ending sales of mainstream Chevrolet models and all Opel cars in Russia, and closing its St. Petersburg factory, after sales slumped in the country's economic crisis....
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AUTOMOTIVE NEWS EUROPE CONGRESS

Most Russian car plants are uncompetitive, AvtoVAZ CEO says

June 15, 2015 06:01 CET

Most car plants in Russia are not cost competitive because they are not producing enough vehicles, AvtoVAZ chief Bo Andersson said....
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Russian car sales fell 38% in May as ruble gains eased pressure

June 8, 2015 16:33 CET

Russian car sales slumped 38 percent in May, but the drop was not as bad as the country's 42 percent decline in April as government measures to assist the industry start to provide some help....
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Nissan bullish that Russian market will rebound

June 4, 2015 06:01 CET

Nissan Europe sales boss Guillaume Cartier remains bullish about the brand's future in Russia, where it continues to launch fresh product despite the market's 38 percent sales slump through April....
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Ford appoints UK boss Ovenden as new Russia chief

June 2, 2015 14:23 CET

Ford named Russian market veteran Mark Ovenden as the new CEO of its joint venture in the country. Ovenden's task will be to turn around the automaker's troubled Russian operations that have been hit by the country's industrywide slump....
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Bentley expands in hard-hit Russia with third dealership

June 2, 2015 16:30 CET

Bentley has added its third dealership in Moscow as the carmaker anticipates that wealthier Russians will shrug off an impending recession and buy its upcoming Bentayga SUV....
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BMW partner will build X4 in Russia from U.S. kits

May 31, 2015 06:01 CET

BMW will add production of the X4 SUV in Russia with local partner Avtotor using kits shipped from the automaker's U.S. plant. BMW and rival Mercedes-Benz are keen on Russian production despite the market's downturn to avoid import tariffs....
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Russian car sales fall 42% to lowest April level for a decade

May 13, 2015 15:17 CET

Russian new-car sales fell 42 percent in April, the lowest level for the month in a decade, as the country's economy continued to be hit by Western sanctions, low oil prices and a weak currency....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Nissan exec predicts more Europe profits despite Russia

May 6, 2015 06:15 CET

Nissan Europe Chairman Paul Willcox has led the brand to new highs in sales and market share. But despite a sharp rise in 2015 volume, Nissan's No. 1 market in the region, Russia, is giving Willcox headaches, as he explained to Automotive News Europe....
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BMW postpones Russia assembly plant decision

May 6, 2015 11:58 CET

BMW said it had postponed a decision about whether to build an assembly plant in Russia because of the uncertainty caused by the economic crisis....
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Russia may ease ruble risk for foreign automakers

May 5, 2015 08:44 CET

Russia's government is planning to introduce measures to reduce the risk of ruble volatility for foreign automakers that have localized production in the country, a report said. After several years of growth in excess of 10 percent, car sales in Russia have plunged on a weaker ruble, dampened by Western sanctions over Ukraine and a slide in oil prices....
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Bitter rivals at home, GM and Ford taking different roads abroad

12:01 am U.S. ET | April 25, 2015

General Motors and Ford, Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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