Post Tagged with: "russian auto industry"

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Sollers reports H1 net income three times higher than in 2011

Sollers reports H1 net income three times higher than in 2011

Russian automaker Sollers posted a net income of 2.6 billion roubles ($82.06 million) in the first six months of this year. The figure is nearly three times higher that the net income from the first half of 2011, the company said on Monday. In January-June, earnings before interest, taxes, depreciation […]

Gazprom to back Yo-Mobile car project

Gazprom to back Yo-Mobile car project

OAO Gazprom, Russia’s state-run gas export monopoly, announced it will back the fuel-efficient car project called the Yo-Mobile. The project of billionaire Mikhail Prokhorov will receive sponsorship from Russia’s largest company, the Interfax agency reported, citing Gazprom CEO Alexey Miller. „We’re going to help promote the project on the market. […]

Mazda to set up Russian joint venture with Sollers

Mazda to set up Russian joint venture with Sollers

Mazda Motor Corporation has announced plans to build cars in Russia in a joint venture with local automaker Sollers. The Japanese automaker said that it has signed a memorandum of understanding with Sollers to open a new factory in the city of Vladivostok of Russia’s Far East. The plant will […]