Russia

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....
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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....
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DAVE GUILFORD

Ford, Farley hope for success in U.S.-Russian diplomacy

12:01 am U.S. ET | March 3, 2015
Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the money-losing unit is “going to make progress in spite of the headwinds.”...
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DAVE GUILFORD

Ford, Farley hope for success in U.S.-Russian diplomacy

8:36 pm U.S. ET | March 2, 2015
Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the loss-making unit is “going to make progress in spite of the headwinds.”...
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DAVE GUILFORD

Russia, weak euro form backdrop for Geneva show

12:28 pm U.S. ET | March 2, 2015
Automakers usually don’t overreact to international tensions and currency fluctuations. That’s why the comments coming from auto execs on the verge of the Geneva auto show are so striking....
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Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine....
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PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET
PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales....
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Renault halts Moscow output on Russian sales slump

Feb. 11, 2015 16:06 CET
Renault will stop production at its Moscow factory for three weeks in response to a slump in Russian car sales. Renault's vehicle sales in the country fell 32 percent last month in a market down 24 percent....
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Russian car sales may fall up to 35% in 2015, PwC says

Feb. 9, 2015 11:55 CET
Russian new-car sales are expected to decline by 25 percent to 35 percent this year as a weakening ruble and a sharply declining economy hit demand, accounting firm PricewaterhouseCoopers said. Sales fell 24 percent in January....
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Ford will roll out 6 new models in Russia despite market slump

Feb. 8, 2015 11:20 CET
Ford will roll out six new models in Russia this year despite the country's sagging economy and rising tensions over the conflict in Ukraine, CEO Mark Fields told a German business magazine....
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Ford's Europe unit hit by pension cost hike, Fields says

Feb. 5, 2015 12:51 CET
Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe. Ford says it expects to narrow its 2015 pretax loss in Europe, but the figure will exceed the $250 million loss it previously projected....
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Renault CEO Ghosn says one-third of Russian car market will vanish as recession deepens

Feb. 3, 2015 12:02 CET
Renault-Nissan CEO Carlos Ghosn said Russia's car market will probably shrink by another fifth this year, putting pressure on the alliance he leads after it teamed up with AvtoVAZ to strengthen its leading position in the country....
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Ford's Russia woes worsen as weak yen helps rivals

Feb. 2, 2015 11:23 CET
Ford's Chief Financial Officer Bob Shanks expects that Russia will continue to weigh on the automaker this year as the country's economy slumps and Japanese rivals aggressively cut prices helped by the weak yen....
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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

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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