Post Tagged with: "russia"

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Russia’s car industry to get subsidies in 2016

Russia’s car industry to get subsidies in 2016

The Russian government plans to stop the downfall of the country’s automotive market by giving subsides on buying new cars this year. Russian Prime Minister Dmitry Medvedev has signed a decree to provide 50 billion rubles (around 63 million dollars) in government subsidies to the country’s troubled car industry. Half […]

Russia: Engine oil counterfeiters busted in Moscow

Russia: Engine oil counterfeiters busted in Moscow

A very lucrative illegal counterfeit engine oil business was exposed last month in the Russian capital city, a ring that generated profits of around 160 million dollars a year. You will have to be extra careful from now on when you plan to change the oil on your car, especially […]

Russian car sales continue to collapse

Russian car sales continue to collapse

The Russian auto market is in a continuous downward spiral, with sales falling 42.7 percent last month from a year earlier, after a 38,5 percent decrease in October. From the start of the year, the automotive market in Russia is on a fast descending slope and there is no hope […]

Volkswagen examines exporting Russia-built cars

Volkswagen examines exporting Russia-built cars

The German carmaker Volkswagen might decide to export cars produced in Russia to other countries in an attempt to compensate the plunging sales that are happening in the struggling auto market there. A Volkswagen spokesman said that while no decision has been made yet, “There are studies within the Volkswagen […]

Russia: Toyota ceases manufacturing at eastern factory

Russia: Toyota ceases manufacturing at eastern factory

Japan’s largest company, Toyota Motor Corp announced recently it decided to cease production of vehicles through its joint venture at the assembly facility in Vladivostok, eastern Russia, due to the slumping Russian economy. The weakening Russian economy has massively impacted the once booming automotive industry, which had the auto market […]

Russia: Uber is overpowered by Yandex

Russia: Uber is overpowered by Yandex

Yandex NV is mostly famous in Russia, where the Internet search provider has managed to keep a lead on Google Inc., and is now expanding successfully into the car-sharing market where it fends off with Uber Technologies. Yandex’s online-hailing application in Moscow alone has at least 15,000 taxis connected, according […]