GM to Build Cars in Russia with Magna, GAZ
10 Nov 2009, 10:05 UTC · By: Bogdan Popa / Even if the Opel deal failed to get through, General Motors is still planning to bring Opel in Russia and who else can support such an expansion goal if not Magna and GAZ? The US-based manufacturer ...
Putin: GM's Decision Is a Sample of American Culture
6 Nov 2009, 09:04 UTC · By: Bogdan Popa / GM's decision to cancel the sale of Opel to Magna International not only angered Germany but also Russia whose Prime Minister Vladimir Putin said in a statement that such a behavior perfectly i...
Putin Thinks GM's Decision Is Not Decisive
5 Nov 2009, 08:09 UTC · By: Bogdan Popa / Russian Prime Minister Vladimir Putin said in a statement that GM's decision to keep Opel and save the company on its own is not decisive as the General Motors' board is not the one to dec...
Russia Agrees with $1.88 Billion for AvtoVAZ
4 Nov 2009, 10:55 UTC · By: Bogdan Popa / AvtoVAZ, the Russian carmaker who's now living on the verge of collapse, will receive a new state loan package, this time amounting to 548 billion rubles (approximately $1.88 billion). The Russ...
Renault Financially Backs AvtoVAZ Shake-Up
3 Nov 2009, 07:56 UTC · By: Bogdan Popa / Renault has already expressed its support for AvtoVAZ, the Russian automaker now on the verge of bankruptcy, and company officials today revealed that the French company will also provide money for ...
Ford of Europe Afraid of Magna-Opel Deal in Russia
2 Nov 2009, 09:54 UTC · By: Bogdan Popa / If the deal between Magna and Opel goes through, it might represent a serious threat to Ford's Russian operations, Ford of Europe President John Fleming said in a statement. According to prelim...
Russia Confirms/Denies 21,000 AvtoVAZ Job Cuts
28 Oct 2009, 14:21 UTC · By: Daniel Patrascu / The Russian government denied any decision being taken in favor of AvtoVAZ's plan to cut no less than 21,000 jobs in the following years, as an earlier Vedomosti business daily report claimed. ...
Russia Seals Fate of 21,000 AvtoVAZ Workers?
28 Oct 2009, 10:42 UTC · By: Daniel Patrascu / The already announced plan Russian carmaker AvtoVAZ has to kill some nearly a quarter of its workforce in the following years seems to have been given the green light from the Russian government, wi...
AvtoVAZ Still Awaiting 7,000 Ladas Payment
27 Oct 2009, 08:42 UTC · By: Bogdan Popa / Russian car manufacturer AvtoVAZ, who's now fighting for survival in the domestic market, is awaiting a large payment for approximately 7,000 Lada cars. It appears the company is now looking to...
Avtotor to Assemble Opel Models in Russia
23 Oct 2009, 09:47 UTC · By: Bogdan Popa / Opel's models will still enter production in Russian plants one way or another. While some sources hinted that as part of the Magna - Sberbank takeover Opel is likely to move a part of its prod...
Volkswagen Begins Full Production in Russia
21 Oct 2009, 07:48 UTC · By: Bogdan Popa / Volkswagen Group today announced that it will begin full production at the Russian plant in Kaluga, with the facility expected to build around 150,000 vehicles per year. The plant has already rolled...
AvtoVAZ, Renault, Nissan to Launch Five New Models
19 Oct 2009, 09:35 UTC · By: Bogdan Popa / Renault has already expressed its commitment to support Russian carmaker AvtoVAZ - in which it holds a 25 percent stake, but the company will only provide technology to support the creation of new m...
AvtoVAZ Might Cease Shares to Erase Debt
14 Oct 2009, 09:40 UTC · By: Bogdan Popa / AvtoVAZ is currently in a desperate situation and, as far as the Russian government is concerned, the company should try anything that's possible to stay in business. The last idea is to allow ...
Michelin Looking to Expand Russian Operations
13 Oct 2009, 13:05 UTC · By: Bogdan Popa / Tire manufacturer Michelin is looking to establish a new unit in Russia that would be in charge of operations in the local markets plus other 11 other countries of the Commonwealth of Independent St...
Renault, AvtoVAZ to Start Building Cars Together in 2012
12 Oct 2009, 10:43 UTC · By: Bogdan Popa / French manufacturer Renault will help AvtoVAZ with technology but, in addition, the two companies will start building cars together in 2012. Bloomberg writes that the joint venture between Renault a...
Renault to Support AvtoVAZ with Technology
9 Oct 2009, 07:16 UTC · By: Bogdan Popa / Following Russia's public comments that demanded Renault to step in and help troubled local automaker AvtoVAZ, the French manufacturer yesterday said it will indeed support the Russian company ...
Renault to Help AvtoVAZ Survive
6 Oct 2009, 12:44 UTC · By: Bogdan Popa / Following the comments of Russian Prime Minister Vladimir Putin who urged Renault to step in and help the ailing automaker AvtoVAZ, the French car manufacturer expressed its support and said it is i...
Putin Urges Renault to Help AvtoVAZ
2 Oct 2009, 14:53 UTC · By: Bogdan Popa / AvtoVAZ sees its business in a desperate situation, with the economic chaos forcing the management board take a shocking decision: a job cut affecting more than 27,000 workers. But Russian Prime Min...
Russia Agrees to Financially Support Opel Investments
28 Sep 2009, 08:33 UTC · By: Bogdan Popa / While Sberbank a few days ago admitted it wants to sell its Opel share to a domestic industrial partner, the Russian government is ready to approve funds for backing local Opel investments, the Russ...
Nissan – Made in Russia, Courtesy of AvtoVAZ
26 Sep 2009, 13:14 UTC · By: Bogdan Popa / The Japanese carmaker Nissan is looking to boost its production in Russia and might sign an agreement with local manufacturer AvtoVAZ to start building B segment cars by 2012. Nissan already owns a ...