Russian Government to Discuss Strategy for the Auto Industry
4 Mar 2010, 16:03 UTC · By: Alex Vasile / The Russian car market has been seriously affected by the recession. What was once one of the fastest growing car markets in the world dropped fast. Russia’s automotive market has contracted b...
Fiat-Chrysler to Produce 500,000 Cars Per Year Through Russian Sollers JV
11 Feb 2010, 08:52 UTC · By: Andrei Tutu / Fiat SpA plans to produce up to 500,000 Fiat and Chrysler cars a year in Russia through its 2.4 billion euro ($3.29 billion) joint venture with local partner Sollers, as Reuters reports. Accordin...
Russian Automotive Market Contracted by 50 % in 2009
8 Feb 2010, 15:07 UTC · By: Andrei Tutu / Russia’s automotive market has contracted by almost 50 percent in 2009, only managing to total 1.36 million units, as the Jato Dynamics market analysis company informs us. The Russian autom...
AvtoVAZ Should be Sold to Renault for $1
25 Jan 2010, 13:16 UTC · By: Alex Vasile / Things are not going to well for AvtoVAZ, the Russian car manufacturer which produces the cheap Lada brand, as production seriously dropped in 2009. In an interview for a German newspaper, the head ...
Toyota Etios Heading to Russia
22 Jan 2010, 08:19 UTC · By: Bogdan Popa / Toyota's recently-released Etios model might be sold in Russia as well, although it was initially supposed to be offered exclusively to buyers in India and Latin America. But according to insid...
AvtoVAZ Expects 50% Recovery in 2010
14 Jan 2010, 09:44 UTC · By: Bogdan Popa / Ailing Russian carmaker AvtoVAZ is expecting a recovery of up to 50 percent in the Russian market, as the local auto sector is showing signs of recovery for the current year. Nevertheless, AvtoVAZ h...
Renault Sandero Production Starts in Russia
28 Dec 2009, 10:17 UTC · By: Bogdan Popa / Renault recently started production of the Sandero hatchback in Russia, with operations to be handled by Avtoframos, a joint venture established by the French carmaker with the Moscow government. Pr...
AvtoVAZ Selling Its Non-Core Units
17 Dec 2009, 16:37 UTC · By: Andrei Tutu / Russian automaker AvtoVAZ aka LADA is planning to sell or even close all of its non-core units. Six of its subsidiaries, employing almost 30,000 people, have been split from its main car-making busi...
AvtoVAZ Receives Sberbank Loan
14 Dec 2009, 10:05 UTC · By: Bogdan Popa / As part of its efforts to survive the crisis and start its much-debated shake-up, AvtoVAZ managed to secure a $228.6 million bridge loan from Russian state-controlled bank Sberbank. The money will b...
Renault's Logan Becomes Russia's Best-Selling Model
14 Dec 2009, 07:45 UTC · By: Bogdan Popa / Renault's budget-minded Logan managed to overtake Ford Focus and snatch the leading position in the top-selling foreign car chart in Russia. According to data provided by Autonews, the Logan is...
Whale Penis on Wheels 2: It's Bulletproof. Not inside - But outside.
10 Dec 2009, 13:14 UTC · By: Alex Vasile / Remeber the £1 million Russian SUV which apart from being bulletproof, also had a whale penis upholstery? After the world found out about their plans, World War III was about to start. Everyb...
AvtoVAZ Restructuring Plan Presented
28 Nov 2009, 10:30 UTC · By: Daniel Patrascu / Following a top level meeting in Paris last week, attended by Serguey Chemezov, AvtoVAZ chairman, Igor Komarov, AvtoVAZ president, Christian Esteve, Renault vice president and Serguei Skvortsov, Tro...
Renault to Provide 240M Euro Package to AvtoVAZ
27 Nov 2009, 10:19 UTC · By: Bogdan Popa / French manufacturer Renault, which currently holds 25 percent in AvtoVAZ, will give the Russian automaker a 240 million euro non-cash package that will contribute to the company's efforts of st...
Ford Plant in Russia to Increase Production
26 Nov 2009, 11:24 UTC · By: Alex Vasile / There’s finally some good news for Russian employees from Ford Motor Company’s Vsevolozshsk assembly plant, as the company announced that it will increase production thanks to government...
AvtoVAZ's Rescue, after Putin's Visit to Paris
24 Nov 2009, 15:12 UTC · By: Daniel Patrascu / The light at the end of the tunnel for Russian carmaker AvtoVAZ is slowly fading away, after Russian Premier Vladimir Putin announced it will idle any rescue plans until after he has a talk with Ren...
Renault Could Increase AvtoVAZ Stake
24 Nov 2009, 09:44 UTC · By: Bogdan Popa / French carmaker Renault might increase its AvtoVAZ stake in the future, Sergei Chemezov, CEO of state-owned industrial conglomerate Rostekhnologii, said in a statement. Rostekhnologii currently hold...
GM to Restart Russian Antara Production in 2010
24 Nov 2009, 09:27 UTC · By: Bogdan Popa / The Russian market is apparently seeing signs of recovery so General Motors is planning to resume Opel Antara SUV production in early 2010. The company decided to suspend operations of the St Peters...
Renault Allowed to Increase AvtoVAZ Stake
12 Nov 2009, 11:24 UTC · By: Bogdan Popa / As part of the AvtoVAZ restructuring process, the French carmaker Renault will be allowed to increase its stake in the Russian company. Renault currently holds 25 percent of AvtoVAZ and the Russian ...
Sberbank Still Considering GM Lawsuit
11 Nov 2009, 08:51 UTC · By: Bogdan Popa / Sberbank, the Russian loser of the huge Opel saga, says the company is still considering a potential lawsuit against the US-based manufacturer General Motors after its decision to scrap the sale pla...
Russian Car Sales Down 52% in October
10 Nov 2009, 15:06 UTC · By: Alex Vasile / The Russian car sales continue in the same trend they’ve acted all year: decreasing 52% in October 2009, in comparison with October 2008, according to Moscow-based Association of European Busi...