22 Jun 2009, 10:14 UTC · By: Bogdan Popa / It seems like news regarding the Chinese's arrival at the helm of Hummer is a good thing after all as the brand is the only automaker to report a sales increase in Russia in May. Obviously, it&...
19 Jun 2009, 09:01 UTC · By: Bogdan Popa / Luxury sports car manufacturer Lamborghini decided to end the partnership with its Russian dealership Mercury following poor services and sales performance. The Italian sports car maker informed Mer...
17 Jun 2009, 09:23 UTC · By: Bogdan Popa / Bo Anderson, who recently announced his departed from General Motors, will join the Russian automaker GAZ and will serve as chairman, Reuters revealed today. What's interesting is that Anderson...
9 Jun 2009, 14:19 UTC · By: Daniel Patrascu / Whereas in some parts of the world (read China) the economic crisis seems to soften, the Russian automotive industry appears to have only begun to take the heat. In all, Russian automobile market fe...
9 Jun 2009, 10:55 UTC · By: Bogdan Popa / Bad news for the United Kingdom: Magna International, the new Opel/Vauxhall owner, might move the Ampera production, initially projected to take place at the Ellesmere Port factory in Cheshire, outs...
9 Jun 2009, 10:34 UTC · By: Bogdan Popa / After receiving the first 300 million euros from the German government last week, Opel is about to receive a new funding package, this time sourced from Magna International and Russia's Sberban...
8 Jun 2009, 12:29 UTC · By: Daniel Patrascu / As most of you know by now, the deal between Magna and Opel is not as straight forward as it may first appear. The Russians, perhaps even more than Magna thanks to the 35 percent stake they hold thr...
5 Jun 2009, 10:43 UTC · By: Ovidiu Panzariu / Flavio Briatore revealed his team has signed a new financial agreement with an important sponsor ahead of this weekend's Turkish Grand Prix in Istanbul. According to a press release issued by R...
5 Jun 2009, 07:27 UTC · By: Daniel Patrascu / Following the success in the Opel deal, Canadian company Magna and its Russian bank Sberbank partner will also take over the facilities operated by GM in Russia. The plants will be handed by GM over...
2 Jun 2009, 13:24 UTC · By: Daniel Patrascu / Just as we told you yesterday, Japanese manufacturer Nissan was getting ready to officially open its newest plant in St. Petersburg, Russia. Today they did, with all the fuzz required by such an occ...
1 Jun 2009, 12:27 UTC · By: Bogdan Popa / Hard enough to believe, during these difficult economic times, Nissan has just announced it will open the St. Petersburg production facility on June 2, with Teana the first model to roll off the ass...
27 May 2009, 09:51 UTC · By: Daniel Patrascu / The bad economic conditions made most manufacturers in the automotive industry turn their attention to new markets as a mean to save the day. Since traditional markets now perform poorer than ever, ...
21 May 2009, 10:36 UTC · By: Bogdan Popa / Magna has fairly ambitious plans when it comes to Opel, the German brand it is now struggling to buy. According to a report by the German daily Rheinische Post, Magna International plans to use Opel...
12 May 2009, 14:20 UTC · By: Bogdan Popa / After weeks of denial, the Russian automaker GAZ finally confirmed all those reports claiming it plans to buy the German ailing unit Opel. Basically, the Russian company admitted it wants to join fo...
23 Apr 2009, 12:52 UTC · By: Tudor Raiciu / Crises lead to protests and protests can sometimes lead to riots or even small revolutions. Protests and riots have to be quelled by the authorities, be them democratic or communist. This is where s...
8 Apr 2009, 18:27 UTC · By: Bogdan Popa / AvtoVAZ, one of the largest automakers in Russia, will receive up to 8 billion rubles ($239.5 million) in loans from two state-controlled lenders. Sberbank and VTB will provide 4 billion rubles each...
3 Apr 2009, 14:48 UTC · By: Bogdan Popa / The overall declining sales is again pushing American automaker Ford beyond its limits, this time in Russia, a country in which the company builds the popular Focus and Mondeo.
According to Auto...
2 Apr 2009, 07:45 UTC · By: Daniel Patrascu / The Russian automotive industry lost yesterday its first assembly plant, as Izhavto announced it would stop production indefinitely, Autonews reported. The closure of the plant, which assembles vehi...
30 Mar 2009, 17:05 UTC · By: Bogdan Popa / Russia's Prime Minister Vladimir Putin confirmed today that AvtoVAZ will receive more than 20 billion rubles (about $587.4 million) in state funds to get through the economic crisis and pay its...
27 Mar 2009, 16:01 UTC · By: Daniel Patrascu / The German manufacturer's Avtotor plant will be using its assembly lines to produce two more models, as the company is expanding its vehicle range with BMW's X5 and X6. So, over the next y...