Post Tagged with: "russia"

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Volkswagen Polo Sedan facelift gets revealed

Volkswagen Polo Sedan facelift gets revealed

The facelifted version of the Volkswagen Polo Sedan has been officially introduced and it is aimed towards the Russian market. If you are interested of ordering a sub-compact sedan and you happened to live in Russia than the Volkswagen Polo Sedan is probably a good choice, considering the fact that […]

German automakers worried about Russia and China

German automakers worried about Russia and China

The European market has finally taken the much-awaited continental recovery into overdrive after a slow start last year, but the German powerhouses are now growing weary of the market developments in regions such as Russia or China. The European market last month showed its best tally since before the economical […]

Russia: April sales at lowest level in ten years

Russia: April sales at lowest level in ten years

New car deliveries across the battered Russian market have plunged 42 percent last month, for the lowest April level in a decade, with the country’s economy still impacted by the Western sanctions, global oil glut and weakening local currency. According to the Moscow-based Association of European Businesses, sales of cars […]

BMW sees China, Russia woes this year

BMW sees China, Russia woes this year

The world’s largest luxury automaker, Germany-based BMW AG, has just reported spectacular first quarter financial results, but the company is already planning ahead its strategy for the full year. The main issues for the German automaker seem to be the slowdown in China and the plummeting Russian market for the […]

Report: Russia reduces ruble risk for foreign carmakers

Report: Russia reduces ruble risk for foreign carmakers

According to the daily newspaper Kommersant, the Russian government plans to put into action new measures in order to ease the risk of the ruble’s volatility for foreign auto makers who have centered production in the country. At the moment, Russia has working in the country car producers such as […]

Russia: March sales on steep dive

Russia: March sales on steep dive

Once considered as a viable candidate to overtake Germany as Europe’s largest auto market, Russia has seen a stark contrast to the developments on the continent, in the US or China. Last month’s figures for the light vehicle market were the worst in terms of volume and percentage decline over […]

Russia: Ford assumes control of Sollers joint venture

Russia: Ford assumes control of Sollers joint venture

The second largest US automaker recently announced it would assume control over its Russian joint venture with local car producer Sollers and would further invest into the firm as it increases the provided financial support. Russia has been going through an auto market meltdown brought by the dire economical situation […]

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

PSA Peugeot Citroen’s Slovak business unit is now mulling an increased yearly production that could soar past the 300,000 units mark by 2017 after the company has decided to introduce there a new production model. The French company, the second largest automaker in Europe, has already registered a record production […]

Russia increases auto industry support to $424 million

Russia increases auto industry support to $424 million

The country’s officials have pledged more than 25 billion rubles ($424 million) from state coffers in a bid to subsidy the crippled auto industry, also lifting the pledged aid announced last week. During an auto industry encounter on Monday, Prime Minister Dmitry Medvedev announced the new subsidies will be used […]

Russia: GM and Ford take opposite routes

Russia: GM and Ford take opposite routes

With the country’s economic crisis seeing as persistent throughout at least this year, the first and second US automaker have different strategies on weathering the effects. Ford and GM are known for their troubled European operations, both accounting Russia as a big part of the regional demand. But now all […]