![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
All articles by Vladislav Vorotnikov – Page 4
-
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 ...
-
ArticleDriving into a Russian road block?
Despite economic uncertainty in Russia, analysts expect new vehicle sales to grow further - putting increasing pressure on the nation’s already depleted fleet of car carriers
-
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 ...
-
ArticleGM withdraws from JV with Uzbek government
General Motors has sold off its remaining stake in the GM Uzbekistan joint venture to state-owned company Uzavtosanoat, which held the majority stake in the company. GM Uzbekistan makes Ravon and Chevrolet vehicles at its plant in Asaka.Uzavtosanoat held a 75% stake in the company from 2008 but increased that ...
-
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, ...
-
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 ...
-
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 ...
-
ArticleMercedes-Benz takes to rail to move cars to China
Russia’s railway monopoly RZD has delivered the first batch of finished Mercedes-Benz vehicles from Bremerhaven, in Germany, to Chongqing in China. The new route, which is informally referred to as the new Silk Road, has already proved a viable alternative to ocean shipping vehicles from Europe to China, which takes ...
-
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 ...
-
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 ...
-
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 ...
-
ArticleRussian tax hike to fund higher outbound subsidies
Russia’s deputy prime minister, Dmitry Kozak, has announced plans to raise the utilisation fee on imported vehicles by 30%, to help fund an increase in the subsidies provided to export projects in the automotive sector.Both Russian assembly plants and importers have been subject to the utilisation fee since 2014. The ...
-
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 ...
-
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 ...
-
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 ...
-
ArticleCar prices jump in Russia as fiscal pressure mounts
The cost of most new cars in Russia rose sharply in September in response to a mix of factors including the recent devaluation of the Russian rouble, the introduction of higher duties on imported components and an upcoming increase in taxation.Research conducted by the Russian Gazette, the official publication of ...
-
ArticleGM Uzbekistan streamlines its supply chain
GM’s joint venture with the government of Uzbekistan – GM Uzbekistan – is expected to make 220,000 vehicles this year, a 37% increase compared to 2017.The OEM has more than halved the delivery time of Cobalt and Malibu vehicles – the two most popular models in the domestic market, the ...
-
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 ...
-
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 ...
-
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 ...