Russian car sales plunge as automakers raise prices

Oct. 9, 2015 11:22 CET

Russian car sales plunged more than forecast in September, slumping the most in three months as a weaker ruble pushed automakers to raise prices....
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Ford of Europe boss bullish about brand's rebound

Oct. 7, 2015 06:01 CET

New Ford of Europe boss Jim Farley is bullish about the brand's chances of making a profit again soon despite a huge slump in Russia, where the automaker has invested heavily in products and plants. Farley explained to Automotive News Europe why he expects to benefit from the comittment to Russia and a much-improved SUV lineup....
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Renault sticks to goal of consolidating Russia's AvtoVAZ in 2016

Sept. 18, 2015 15:42 CET

Renault is sticking to a goal of adding Russian affiliate AvtoVAZ to its books next year, even with the plunge in the country's car market. AvtoVAZ builds and sells Lada cars and is Russia's largest automaker....
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BLOG: 'Fortress Europe' under threat

12:01 am U.S. ET | Sept. 14, 2015

Having the world's toughest CO2 emissions standards has helped keep China and Russia's low-cost competitors out of the European market. So trying to postpone, tame or reduce even tougher future emissions limits being considered by the EU may be a big mistake by Europe's automakers....
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Russian car-sales decline slows to 19% in August

Sept. 8, 2015 15:15 CET

Russian new-car sales fell for an eighth successive month in August, underscoring the country's deepening slide into economic recession, even as a weakening currency encouraged some consumers to spend....
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VW, Ford open engine plants in Russia amid market plunge

Sept. 4, 2015 11:02 CET

Volkswagen and Ford are sticking with long-planned investments in Russian engine factories even as car sales there head toward a six-year low...
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VW considers exporting Russia-built cars as market slumps

Aug. 26, 2015 18:50 CET

Volkswagen may export Russia-built cars to other countries to offset collapsing sales in the crisis-hit market. The automaker builds VW brand and Skoda vehicles at its Russian plant south of Moscow....
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U.S. watchdog joins German investigation of Ford, report says

Aug. 18, 2015 18:07 CET

The United States' securities watchdog is helping German prosecutors to investigate the alleged payment of bribes by Ford to speed the passage of containers through Russian customs, Reuters reported....
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Toyota ends Land Cruiser production in Russia but remains bullish on market's prospects

Aug. 18, 2015 12:31 CET

Toyota has ended production of the Land Cruiser Prado SUV in Russia but will not pull out of the crisis-hit market. The company said its plan to double annual output at its St. Petersburg plant is still on track....
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Automakers in Russia left with nowhere to turn as economic woes deepen

Aug. 18, 2015 11:08 CET

Automakers building cars in Russia such as VW and Ford have been hit as the ruble's steep decline increases the cost of foreign parts they import. Companies are being forced to increase car prices despite the country's economic crisis that leaves consumers with little money for big purchases....
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Russian car sales slump eases on gov't incentives

Aug. 10, 2015 23:59 CET

Russian car sales dropped at the slowest pace since their slump resumed in January as the government used subsidies and other incentives to counter falling consumption....
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Lifan starts work on assembly plant in Russia

Aug. 9, 2015 06:01 CET

Chongqing Lifan Industry has started work on an assembly plant in Russia's western state of Lipetsk Oblast to build up to 60,000 Lifan cars a year from complete knockdown kits imported from China,...
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AvtoVAZ CEO Andersson foresees sales surge from key Lada debuts

Aug. 7, 2015 06:01 CET

Former General Motors purchasing chief Bo Andersson faced a massive task when he was hired to turn around AvtoVAZ, Russia's automotive giant, two years ago. Despite the challenge of a slumping Russian market, Andersson is bullish about the future of the company that builds Lada cars....
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Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia....
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Opel will shorten hours at two German plants

July 17, 2015 17:29 CET

Opel will shorten working hours at two German plants after exiting the plunging Russian auto market and because of moderate demand in Europe....
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Ford expects Russian market to stabilize

July 14, 2015 11:35 CET

Russia's auto market could stabilize in the second half, said the head of Ford's Russian venture, Ted Cannis, halting a slide in sales fueled by the country's economic downturn....
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Russia weighs further support for auto industry

July 10, 2015 10:05 CET

Russia's government is weighing whether to inject up to 10 billion rubles ($176 million) of additional support for local automakers to stem the plunge in car sales, Industry Minister Denis Manturov said. "We've seen positive results from programs we're subsidizing," he added....
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Toyota's Turkey unit hit hard by Russia slump

July 9, 2015 10:12 CET

Toyota's Turkish unit saw first-half exports slump by 30 percent as the weaker ruble hit Russia's car market, but the unit's CEO hopes to pare losses via additional domestic sales and by boosting exports to Europe....
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Russian car sales could fall 36% in 2015, AEB says

July 8, 2015 15:56 CET

New-car sales in Russia are expected to fall 36 percent in 2015, the Association of European Businesses lobby group said, revising downward its previous forecast that the country's full-year volume would decline 25 percent. The more pessimistic outlook follows Russia's 30 percent sales decrease in June....
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Renault cuts global car market forecast on Russia, China, S. America woes

July 7, 2015 16:09 CET

Renault said global industrywide sales will probably increase 1 percent this year -- down from a 2 percent gain predicted earlier -- because of China's slowdown as well as big declines in Latin America and Russia....
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Rich Russians beg Tesla to sell them 'IPhone on wheels'

6:54 am U.S. ET | July 7, 2015

Almost 100,000 Russians follow Elon Musk's social media page, yet the Tesla founder seems to be promoting his dream car everywhere but here, forcing enthusiasts to go to great lengths -- and expense -- to own one....
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BLOG: Citroen CEO sees positive changes for women in auto industry

12:01 am U.S. ET | July 2, 2015

One year into her role as Citroen CEO Linda Jackson says she hasn't encountered any prejudice as a woman working a man's world. In fact, she says it's an advantage....
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AvtoVAZ chief Andersson in struggle with Soviet-era suppliers

June 23, 2015 13:23 CET

AvtoVAZ Chairman Bo Andersson is fighting back against Russian suppliers he says are hindering his efforts to improve quality and cut purchasing costs at Lada, the country's best-selling car brand. AvtoVAZ resumed production today at its plant in Togliatti after output was suspended because of problems with the supply of parts....
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GM to keep profitable JV in Russia

12:01 am U.S. ET | June 15, 2015

General Motors and AvtoVAZ will keep their profitable Russian joint venture, AvtoVAZ CEO Bo Andersson said. GM is ending sales of mainstream Chevrolet models and all Opel cars in Russia, and closing its St. Petersburg factory, after sales slumped in the country's economic crisis....
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Most Russian car plants are uncompetitive, AvtoVAZ CEO says

June 15, 2015 06:01 CET

Most car plants in Russia are not cost competitive because they are not producing enough vehicles, AvtoVAZ chief Bo Andersson said....
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