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Russian government wants domestic automakers to set up luxury brand


Russian carmakers are considering the federal government's desire for a domestic luxury brand to challenge the dominance of Western premium brands. However, the proposal was not received enthusiastically by Russian carmakers, as setting up a brand to compete with BMW, Mercedes-Benz and Audi is very difficult. Industry and trade minister Denis Manturov said he wants automakers to build luxury cars that ...
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More russian car market articles

Russia’s slowing sales may affect Renault’s recovery in Europe
Renault's plan to fix Europe sales may be undermined by slowing growth in Russia. The Russian car market is expected to slow and possibly decline this year, after three years of ...
Analysts: Car sales expected to be flat in Russia in 2013
New car sales in Russia have slowed and are expected to remain at similar levels in 2013 after record volumes last year. According to industry figures cited by Reuters, buyers are ...
Russian car sales up 4 pct in 2012 – forecast
Russian car sales grew 10 percent year-on-year in June, the Association of European Businesses (AEB) said on Monday. According to the figures released by the Moscow-based Association for European Businesses (AEB), ...
Russia is slowly becoming “the new China” for General Motors
General Motors has been enjoying steady sales growth in emerging markets, especially in countries such as Russia. In the first six months of this year, growth in these countries compensated the ...
Chrysler to finalize planning for Jeep plant in Russia
Chrysler Group wants to complete plans in the first half of 2012 to manufacture Jeep SUVs in Russia, according to Jeep's brand chief. “Finalizing the solution on how to build Jeep ...
General Motors expects solid growth in Russia in 2012
General Motors is approaching several different Russian automakers for collaborations in order to boost its presence in the fast-growing market. According to the InsideLine.com, GM plans to introduce new models in ...
Fiat to build new plant in Russian city of St. Petersburg
Fiat will sign an agreement to build a major new car factory in the Russian city of St. Petersburg during the first quarter of 2012. The announcement was made on Wednesday ...
Russia: New vehicle sales to reach 2.6 million this year – forecast
The Association of European Businesses on Thursday said it has increased its forecast for new car sales in Russia this year to 2.60 million units, from 2.55 million vehicles previously. In ...
AvtoVAZ to build seven models at IzhAvto plant under the Lada, Renault and Nissan brands
Russia's largest automaker AvtoVAZ will build seven models under the Lada, Renault and Nissan brands at its recently acquired IzhAvto plant, insideline.com announces. A former unit of IzhMash, which produced motorcycles, ...

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