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Russia: Asian carmakers business threatened by falling currency


The country’s auto market was just two years ago poised to overtake Germany in size for the top position in Europe, but today the local currency’s collapse, economic uncertainties and mounting political tensions have led to an almost incredible sales slump. Back when Russia was growing at an exponential rate, the Asian automakers decided to bet big on what was seen ...
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Russia: Nissan doubles local production in bid to counter falling profits
The Japanese automaker, Nissan Motor, has chosen to increase its Russian production in a bid to counter the disastrous effects of the collapsing local currency that have rendered imports unattractive. Following ...
Russia: auto decline lingers, but slows pace in November
The country’s auto sales – once seen capable of overshadowing the top European market of Germany – have slowed their continued decline, falling just 1% last month – after the ...
Report – Daimler mulls Russian production facility
According to unnamed local government officials, the Interfax news agency has reported that Germany’s Daimler car and truck maker is seeking to establish a new plant in the Russian city ...
Russia: Ford to add Fiesta production as Focus declines
The country’s auto market has collapsed under a crisis triggered by the economic and political situation, leaving global automakers that invested massively into localizing production scrambling for restructuring plans. The second ...
Russia: government subsidy scheme to be extended into 2015
Once earmarked as the only market capable of taking the lead from Germany as the biggest auto market in Europe, Russia has fallen to the point that it needs a ...
Europe: Skoda forecasts 2018 sales target could be harder to achieve
The Czech automaker, one of the affordable brands that belong to the world’s second largest automaker – Volkswagen AG – predicts its 2018 sales goal could fall out of reach ...
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 ...
[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 ...

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