Ford Motor has agreed to acquire a controlling interest in its joint venture (JV) with Russian car company Sollers as well as provide additional funding to the Ford Sollers JV. The Ford Sollers JV produces and imports Ford products, ...
Tags: Ford Motor, Russian JV
Russia's auto market shows no signs of improving in the next two years, having been hit by an economic slowdown and the weak rouble, according to media reports. Sanctions over Ukraine have hurt the Russian economy, hitting car sales to a ...
Tags: Russian, Demand, Metallurgy
Nissan owned Datsun is set to launch the mi-DO hatchback at the 2014 Moscow Motor Show. The mi-DO is a five door hatchback with a 'D-Cut' grille in the front and elongated projector headlamps to provide the car a masculine look. The car ...
Tags: Datsun, Moscow Motor Show, Auto Parts
On June 24, 2014, Hemmelrath Lackfabrik GmbH founded the company's first Russian branch, Hemmelrath RUS, in Nizhny Novgorod. With the new location, Hemmelrath opens up the Russian OEM market for itself and lays the foundation for further ...
Tags: Hemmelrath, New location, Decoration
German autoparts maker Continental has commenced the production of its new tire making plant in Kaluga, Russia. The company has invested EUR240m in the plant to reach an annual capacity of four million tires in the first phase until ...
Tags: Continental, Tire Plant
At a time when Indian, Russian and Brazilian car markets are stumbling, China remains the major growth engine for the global automotive industry, analysts say. "For many years it's been the Bric nations (Brazil, Russia, India and China) ...
Tags: Automotive Industry, Cars
Yokohama Rubber Co. Ltd. announced it will participate in InterAuto 2013, Russia's ninth international exhibition of automotive industry, to be held in Moscow August 28-31. The company plans to exhibit three core tire brands: the ...
Tags: Auto Parts, tyre
In the first quarter of 2013 the Russian car imports fell by 8.7%, to 208600 vehicles a year. According to the Russian Federation customs statistics, in the first quarter of Russian car imports was $4.2 billion, including from far ...
Tags: Transportation, Auto Parts, car
Russia's federal customs bureau announced that Russia car imports fell by 15% in January 2013, 49200 vehicles, imports of $978.8 million. Far neighbours countries of imports in 48300, imports of $971.2 million; for imports from the CIS ...
Tags: Auto Parts, Transportation, car, Russian Car
Renault-Nissan Alliance (Alliance) has agreed to form a new joint venture (JV) with Italian bank Unicredit provide loans to vehicle customers and dealers in Russia. The new JV, which will be 60% owned by the Alliance and 40% by UniCredit, ...
On the influence of market downturn, Nissan Motor plans to start 4 day’s working system in St Petersburg factory, Russia from February 1. According to AEBRUS’s data, Russian light car total sales were 2,935,111 in 2012, up ...
Tags: Nissan, production, Russian factory, market downturn
The Renault-Nissan partnership is expected to sign $750m deal with Russia based OAO AVTOVAZ by next week, which would give 67.13% ownership of the company which manufactures Lada. Under the deal, Renault-Nissan would buy the stake held by ...
Tags: partnership, growing Russian car market, optimistic growth
The Renault-Nissan Alliance has formed a joint venture (JV) with state corporation Russian Technologies to own a 74.5% stake in Russian car maker AVTOVAZ. The move follows unveiling of AVTOVAZ's $525m assembly line at the Togliatti ...