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Russia steps in and guarantees for truck maker Kamaz


The country’s government has moved to announce it will back the Russian company by guaranteeing $1 billion of its future debt, a move inside a larger state initiative to support ailing auto manufacturers. Russia, the second-biggest auto market in Europe, is seeing a sharp drop in car and truck purchases. The slump was under way since 2013, because many Russians refrained ...
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Report – Russia could deny access to imported cars
The Vedomosti daily newspaper reported that Russia could move to strengthen retaliatory actions against Western nations if both the European Union and the US impose new sanctions. Russia’s new ban could ...
Russia: auto sales fall sped up by new economic sanctions
The country’s new car market, once mulled to dethrone Europe’s No.1 – Germany – has been hit by economic weakness, dwindling consumer confidence and now harsh sanctions from both the ...
Russia: July sales dip 23%
The country’s dwindling sales plummeted last month after going down 17% in June. The deliveries slump shows the customer base goes increasingly weary of the outcome of the Ukraine crisis. The ...
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 ...
Russia: automakers still want to do business there
The former communist country is seen by the major carmakers, such as General Motors, Ford, Volkswagen, Renault-Nissan, etc., as an emerging market that could have a key strategic position. The only ...
Russian officials to become patriotic…again
Have you lately watched the political developments around Vladimir Putin’s moves for Russia? If you are still not convinced he was following the pages of the old – Soviet – ...
Car sales in Russia forecasted to dip 12% in 2014
After new car sales in Russia slipped no less than 17.3 % in June over the same period last year, the Association of European Businesses (AEB) moved to forecast that ...
Nissan expects new X-Trail to double European sales
The Japanese automaker has always been a mainstream company, but many customers link the Nissan name to off-roaders. Even as the Qashqai had a huge success without being a true ...
Geely enters new strategy with Volvo’s export hub in China
The report says it all, Zhejiang Geely Holding Group Co, the Chinese parent of Swedish automaker Volvo plans to use its home base as an important export hub for the ...

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