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Russia: Volkswagen ready to drop Seat sales from 2015


The economic downturn, the weakening local currency and the ongoing political tensions have eroded consumer confidence and demand in Russia, prompting German carmaker Volkswagen AG to stop selling the Seat brand there. According to the largest European automaker, the company’s Spanish brand Seat will not be present on the Russian market by early next year as all these factors contributed to ...
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[VIDEO] Ferrari 458 Italia hits Lada, chases driver in Russia
A driver of a Ferrari 458 Italia has crashed his ride into a Lada recently, in Russia, and he ended up chasing the driver. Car crashes happening in Russia are some ...
Russia: Lada sales modestly rise following government subsidy program introduction
The country’s affordable Lada brand has enjoyed a slight return to positive sales, most likely owing the situation to the introduction of a government subsidy scheme designed to counter the ...
Russia: VW stops local production again on weak demand
The Volkswagen Group – the second largest automaker in the world – has announced it would cease car output in Russia again because Western sanctions and the weak local economy ...
The famous Nuerburgring goes to a Russian investor
They didn’t manage to impose their will after the Second World War, but maybe the global capitalism move aids them in securing a prized piece of German automotive history. The ...
Russia: government subsidy for car purchases potentially extended through 2015
Once seen as the only European market able to take on the mighty Germany, Russia has been struggling this year because of a faltering economy, rising local currency and numerous ...
Russia: Lada’s foreign boss wants a sportier image
Bo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the No. 1 Russian automaker has to implement is one that ...
Russia and Serbia agree on export of Fiat cars
When it comes to cars produced locally, Serbian exports to Russia have been impeded by the high custom taxes between the two countries. The situation, created because the negotiated free ...
Russia: September sales plummet 20%
The country’s new car deliveries continued to spiral downward as sales dropped 20% after they fell 26% in August. The Ukrainian crisis and the general weakness of the economy continued ...
Automakers to continue investments in Russia
Top executives seem intent on following a risky scenario – continue to invest in localized production in Russia even as the political turmoil sees relations between the country and western ...

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