All Russian Federation articles – Page 6
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ArticleRenault plans home delivery for online sales in Russia
Renault has announced plans to start a home delivery service in Russia for vehicles sold via its online showroom.The French carmaker told Russian newspaper Vedomosti that the start of the home delivery service would coincide with the release of the Renault Arkana (pictured) in May this year. It will make ...
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ArticleTurkish exports bolster falling domestic sales
Turkey’s automotive industry had a mixed year in 2018. Sales in its domestic market for passenger vehicles and light commercial vehicles (LCVs) were down by 35%, according to the Automotive Distributors Association (ODD), at 621,000 compared to 956,000 in 2017.According to Turkey’s Automotive Manufacturers’ Association (OSD), production of passenger cars, ...
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ArticleFord reviews joint venture with Sollers in Russia
Ford may close some or all of the plants it operates in Russia with local carmaker Sollers, according to the Russian government.The statement follows a recent announcement by the carmaker that it would be “addressing underperforming markets” and reducing structural costs in Europe as it aimed to improve profitability ...
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ArticleUS considers lifting sanctions against Gaz
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) notified ...
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ArticleProgress for all to CEE
In past decades, international investment has flowed into the automotive industry in Central and Eastern Europe (CEE) primarily due to it being a low-cost production centre. However, these days the region has much more to attract such investment, including a well-trained workforce, a wide-ranging supplier base and improving logistics infrastructure, ...
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ArticleRussia keeps logistics subsidy in place
The Russian government will not cancel logistics subsidies for the automotive industry, although all other “targeted subsidies” currently allocated to carmakers and components manufacturers will cease, Russian vice-prime minister Dmitry Kozak, revealed during an industry meeting in Moscow, December 7.Kozak explained that carmakers had asked the federal authorities to keep ...
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ArticleUkraine sanctions risk Russian vehicle exports
The growth in Russian vehicle exports during 2018 could be in jeopardy if a new bill to ban Russian vehicle imports is passed by the government in Ukraine, one of the biggest sales markets for Russian-made cars.According to figures from the Russian Federal Customs Service, in the first nine months ...
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ArticleGefco edges nearer flotation
Gefco has reaffirmed it is looking to make a public offering on the Euronext Paris stock exchange in 2019. Russian Railways, which has a majority stake in the transport and logistics provider, said it was considering a partial reduction of its 75% stake to below 50%.Gefco’s former owner and partial ...
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ArticleRussia continues to increase finished vehicle imports
Russia imported 212,400 finished vehicles from January to November of 2018, which is an increase of 15.8% compared to the same period of last year, Russian Federal Customs Service (FCS) estimated. The overall value of finished vehicles imports during that period reached $5.2 billion, FCS added.Almost 33% of passenger cars ...
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ArticleRussia increases component exports
Several automotive manufacturers in Russia are increasing component exports in line with plans announced at the beginning of this year.Joint venture Ford Sollers has doubled the number of different part lines it exports to the EU to 100 this year (compared to 50 in late 2017) and said it plans ...
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ArticleGM poised to sell St Petersburg plant
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 ...
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ArticleRewriting the rules
Russia’s Industry and Trade Ministry wants OEMs to make huge investments in new production capacity in Russia over the coming decade, in order to continue qualifying for state aid. A bill laying down the basis of a new national localisation strategy was published in August that is designed to replace ...
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ArticleGaz could be sold to VW to avoid US sanctions
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 US ...
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ArticleEnergising the synergising
Renault and Nissan began their wide-ranging alliance and set up cross-shareholdings in each other back in 1999, and since then Daimler, Avtovaz and most recently Mitsubishi have also become part of this evolving structure. Numerous shared vehicle platforms, manufacturing and logistics operations and back-office functions have been developed. Furthermore, impressive ...
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ArticleRussian carmakers appeal for a stop to state aid
Leading carmakers in Russia have appealed to the government’s Industry and Trade Ministry to stop providing state aid to companies investing in new vehicle assembly plants in the country.Domestic carmakers including Avtovaz, Gaz and Sollers have been joined by foreign rivals such as Renault-Nissan, Mitsubishi and Daimler in calling for ...
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ArticleMazda opens new engine plant in Russia
Vladimir Putin and Shinzo Abe recently attended the opening ceremony of a new engine plantat Mazda Sollers Manufacturing Rus in Vladivostok, which was launched officially on September 10. The plant is designed to manufacture 50,000 Sky Activ-G engines per year in accordance with the Euro-5 emission standard. Investors plan to ...
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ArticleGaz feels the sting of US sanctions
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 Moscow as ...
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ArticleRussians drop US dollar for components purchases
Russian Trade and Industry minister Denis Manturov (pictured) has revealed that many Russian automotive manufacturers are increasingly using national currencies, rather than the US dollar, to pay for imported components. The move has been prompted by recent US sanctions on Russia.Several companies have so far announced the policy, trade with ...
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ArticleEEU cuts import duties but trade within bloc is in dispute
The Eurasian Economic Union (EEU) has officially cut duties on finished vehicles being imported into the bloc from 20% to 17%. The rule took effect from September 1 this year, while a further reduction to 15% is proposed to take place at the same time in 2019. The EEU comprises ...
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ArticleGM Uzbekistan suspends vehicle sales over pricing
GM Uzbekistan has suspended finished vehicle sales in Uzbekistan, after failing to carry through a price increase on the domestic market there. The move follows a similar suspension in Russia – its second biggest market after Uzbekistan – for more than two months on similar grounds.Speaking at a press conference ...