All sollers articles
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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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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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ArticleRussia's fresh focus on exports
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 ...
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ArticleSollers plans to relaunch assembly of SsangYong vehicles in Russia
Speaking in a recent press conference, Vadim Shvetsov, the CEO of Sollers revealed that the Russian company plans to relaunch assembly of SsangYong finished vehicles at its plant near Vladivostok from next year.He added, however, that this is being considered under a “the best scenario” as demand for SsangYong cars ...