All Gaz Group articles

  • Treasury_logo
    Article

    US considers lifting sanctions against Gaz

    2019-01-14T14:51:38Z

    The US is planning to lift sanctions imposed on companies owned or controlled by Russian billionaire Oleg Deripaska and has once again postponed the introduction of sanctions against the Russian carmaker Gaz Group, in which Deripaska has a controlling interest. The US Treasury department’s office for Foreign Assets Control (FAC) ...

  • 2018-Chevrolet-Tahoe-Midnight-070
    Article

    GM poised to sell St Petersburg plant

    2018-11-14T10:18:53Z

    US carmaker GM is close to selling its plant in St Petersburg to another automotive manufacturer, with the final agreement due to be signed at the end of this year. According to Sergey Movchan, deputy governor of St Petersburg, the new owner plans to revive finished vehicle assembly at the ...

  • Dmitry_Kozak
    Article

    Gaz could be sold to VW to avoid US sanctions

    2018-10-31T10:40:42Z

    Volkswagen may purchase a stake in Gaz Group to help the Russian carmaker avoid US sanctions, said Russian deputy prime minister Dmitry Kozak, speaking during a press conference in Moscow on October 19. Negotiations have already taken place, but the final decision has not yet been made, Kozak added. The ...

  • Liaz6274_electric_bus
    Article

    Gaz feels the sting of US sanctions

    2018-09-12T11:17:43Z

    Russian OEM Gaz Group is facing supply chain disruption due to several European component suppliers ceasing trade with the company following US sanctions on companies owned or controlled by Oleg Deripaska . According to Russian news source Vedomosti, one of the effects is the supply of electric buses to ...

  • Several Russian carmakers were exporting products in 2017
    Article

    Russia's fresh focus on exports

    2018-07-05T14:23:40Z

    In recent years, Russia has put considerable resources into encouraging recovery in its domestic automotive industry. Last year, the federal budget included 62.3 billion roubles ($1 billion) in state aid for carmakers. Such sums have been spent primarily on boosting demand in the domestic market, which has been under pressure ...

  • GAZ_Nizhny_7
    Article

    Gaz Group faces halt in assembly

    2018-05-02T12:29:28Z

    Gaz Group is reported to have said that it may have to cease vehicle assembly in Russia in June because of recently imposed US sanctions that have blocked the import of automotive components from the US, Germany and the Czech Republic. The OEM’s production and export operations have been in ...

  • Skoda_Kodiaq_Gaz_Russia_
    Article

    Trump sanctions leave Gaz exports in doubt

    2018-04-25T13:02:29Z

    The production and export operations of Gaz Group in Russia remain up in the air, after the US first imposed and then delayed sanctions against its owner Oleg Deripaska this month.Deripaska was as one of seven Russian businessmen and 12 companies targeted by the US in early April in response ...