Russia

  • Plant closures

    News » Russia scrambles to find replacements as Ford exits passenger market

    April 9th 2019 Ford is ending passenger car production in Russia and has cancelled future imports to the country. The move is a dramatic turnaround on plans announced in January this year that it was embarking on a $500m reorganisation of its loss-making joint venture with local carmaker Sollers. It means the closure of the Vsevolozhsk plant near St […]
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  • Manufacturing moves

    News » GM Uzbekistan sets plant up in Kazakhstan

    April 3rd 2019 GM Uzbekistan is to open a vehicle assembly line in Kazakhstan to take advantage of the shared customs space under the Eurasia Economic Union (EEU). The carmaker, which is now owned solely by state-owned corporation Uzavtosanoat following GM’s withdrawal from the joint venture, has signed a contract with Kazakh automotive company SaryarkaAvtoProm to assemble 16,000 vehicles […]
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  • International trade

    News » VW plans to expand output in Russia

    March 26th 2019 Volkswagen plans to invest Rub40 billion ($630 million) to develop its output in Russia under the terms of the special investment contract (SPIC) the carmaker is about to sign with the Russian government. VW intends to expand its production range in the finished vehicles sector and to significantly increase engine production over the next five […]
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  • International trade

    News » Russian vehicle imports hit a bump in the road

    March 13th 2019 Vehicle imports to Russia have been growing for almost two years alongside the recovery in sales in the domestic market. In 2018, the country imported 293,100 finished vehicles, up almost 10% compared with the same period the previous year, according to the Russian Federal Customs Service. The value of vehicles imported reached $7.6 billion last […]
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  • International trade

    News » Russian exports rise but subsidies in doubt

    February 26th 2019 Russia exported vehicles and parts worth $3.38 billion last year, an 11% increase compared with 2017, according to new research from the Russian analytical agency Auto News. Information from Russia’s Industry and Trade Ministry indicates that the majority of export sales remain within the Commonwealth of Independent States (CIS), and only 32% of exports went […]
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  • Market trends

    News » Turkish exports bolster falling domestic sales

    January 23rd 2019 Turkey’s automotive industry had a mixed year in 2018. Sales in its domestic market for passenger vehicles and light commercial vehicles (LCVs) were down by 35%, according to the Automotive Distributors Association (ODD), at 621,000 compared to 956,000 in 2017. According to Turkey’s Automotive Manufacturers’ Association (OSD), production of passenger cars, light trucks and pick-ups amounted […]
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  • Manufacturing moves

    News » Ford reviews joint venture with Sollers in Russia

    January 18th 2019 Ford may close some or all of the plants it operates in Russia with local carmaker Sollers, according to the Russian government. The statement follows a recent announcement by the carmaker that it would be “addressing underperforming markets” and reducing structural costs in Europe as it aimed to improve profitability and competitive performance there. That includes […]
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  • International trade

    News » US considers lifting sanctions against Gaz

    January 14th 2019 The US is planning to lift sanctions imposed on companies owned or controlled by Russian billionaire Oleg Deripaska and has once again postponed the introduction of sanctions against the Russian carmaker Gaz Group, in which Deripaska has a controlling interest. The US Treasury department’s office for Foreign Assets Control (FAC) notified Congress in December of its […]
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  • Contract developments

    News » Gefco edges nearer flotation

    December 5th 2018 Gefco has reaffirmed it is looking to make a public offering on the Euronext Paris stock exchange in 2019. Russian Railways, which has a majority stake in the transport and logistics provider, said it was considering a partial reduction of its 75% stake to below 50%. Gefco’s former owner and partial stakeholder Groupe PSA, will […]
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  • International trade

    News » Russia continues to increase finished vehicle imports

    November 28th 2018 Russia imported 212,400 finished vehicles from January to November of 2018, which is an increase of 15.8% compared to the same period of last year, Russian Federal Customs Service (FCS) estimated. The overall value of finished vehicles imports during that period reached $5.2 billion, FCS added. Almost 33% of passenger cars are being imported into […]
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