Automakers
Chinese brands such as Haval, Chery and Geely now account for almost 40 percent of Russia's new-car sales, up from less than 10 percent in January-February of 2022.
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Smart dealers will get a fixed 7 percent commission for the new #1, but they will continue to sell the ForTwo city car under traditional retail rules.
Hans Dieter Poetsch, chairman of Porsche SE, says that interest is extremely high from investors for a possible IPO of PowerCo.
The EV losses will mount as the company expects increased profits for its internal combustion and commercial vehicle businesses.
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