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Russia: Opel to slowdown car output


The country’s economic troubles and political tensions, coupled with sanctions imposed by the Western nations have weighed down on consumer confidence and the auto market has been severely hit. Following other global automakers – including Ford and Renault’s subsidiary AvtoVaz – the Opel Group has decided to reduce car output and also fire 500 employees in Russia. The European unit of ...
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More decline articles

Russia: PwC mulls an 8 to 12% sales slowdown
According to new estimates from PricewaterhouseCoopers, the Russian new-car market is expected to slump severely in 2014, with a fall seen at 8 to 12%. PwC has moved to downgrade its ...
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Car sales in Russia forecasted to dip 12% in 2014
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