Kamaz Stops Truck Production in August
The reason? The same global recession that brought some companies close to bankruptcy and made them beg for government support. According to just-auto.com, Kamaz said in a statement that the falling demand for trucks has pushed the company towards this decision, so aligning production with market demand is now a main task within the truck manufacturer.
This is not the first time when Kamaz decides to idle production due to falling demand for trucks. The company has applied the same measure several times this year, including in July, after the main assembly line produced more trucks than the demand.
Things were far better last year when Kamaz was still unaffected by the recession and produced 51,005 trucks. The company hasn't released a production goal for this year but figures are expected to be much behind 2008's.
As we said, things are about to get even worse in Russia, with officials in the automotive sector hinting that the market is far from recovering in the country. Renault's Chief Operating Officer Patrick Pelata described the current state of the Russian auto sector as "just terrible" pointing to the 50 percent drop in sales compared to the same period of the previous year.
"This isn't good news for the bottom line of Renault yet," he said according to just-auto.com.