As its domestic market stagnates, Russia is continuing to seek growth abroad and is subsidising the export of vehicles and parts – at a cost of more than $60m a year. The government is seemingly succeeding in its ambition of turning the country into a fully fledged automotive exporter, as its official target is to establish exports of at least 240,000 vehicles per year by 2025 – ideally up to 400,000 – and recent growth in this segment suggests that these figures could be within reach.
The Russian government reimburses up to 80% of the costs associated with finished vehicle and automotive component delivery to foreign markets. Until 2016, the logistics subsidies were envisaged only for delivery across the border, but then the support was expanded to the entire supply chain. Russian analysts believe the most urgent task for the Russian automotive industry now is to diversify export supplies.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Volkswagen is sending 4,800 vehicles from Germany to North America on board a ro-ro vessel powered by liquified natural gas (LNG). The Siem Confucius, which was delivered to Siem Car Carriers in March this year, is headed for Mexico but will be making stops in Canada and the US..
At the Automotive Logistics Mexico 2020 conference, Antonio Zepeda Torres, commercial director for CSI Group, tells editor Joanne Perry about the company’s recently completed, six-storey car storage facility at Veracruz – the busiest port in the country for automotive traffic. He also discusses the wider challenges of transporting finished vehicles in Mexico.
Firefighters were called to the Blount Island vehicle handling terminal at the US port of Jacksonville (Jaxport) last Thursday when a fire broke out on the Höegh Xiamen car carrying vessel.
![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
