Russia

  • 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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  • International trade

    News » Russia increases component exports

    November 21st 2018 Several automotive manufacturers in Russia are increasing component exports in line with plans announced at the beginning of this year. Joint venture Ford Sollers has doubled the number of different part lines it exports to the EU to 100 this year (compared to 50 in late 2017) and said it plans to export 120,000 units […]
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  • International trade

    News » Gaz could be sold to VW to avoid US sanctions

    October 31st 2018 Volkswagen may purchase a stake in Gaz Group to help the Russian carmaker avoid US sanctions, said Russian deputy prime minister Dmitry Kozak, speaking during a press conference in Moscow on October 19. Negotiations have already taken place, but the final decision has not yet been made, Kozak added. The US Treasury imposed sanctions in […]
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  • Manufacturing moves

    News » Mazda opens new engine plant in Russia

    September 26th 2018 Vladimir Putin and Shinzo Abe recently attended the opening ceremony of a new engine plant at Mazda Sollers Manufacturing Rus in Vladivostok, which was launched officially on September 10. The plant is designed to manufacture 50,000 Sky Activ-G engines per year in accordance with the Euro-5 emission standard. Investors plan to export the engines to […]
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  • Trade sanctions

    News » Gaz feels the sting of US sanctions

    September 12th 2018 Russian OEM Gaz Group is facing supply chain disruption due to several European component suppliers ceasing trade with the company following US sanctions on companies owned or controlled by Oleg Deripaska.  According to Russian news source Vedomosti, one of the effects is the supply of electric buses to Moscow as part of a 6.35 billion ruble ($100m) contract the […]
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  • Parts sourcing

    News » Russians drop US dollar for components purchases

    September 11th 2018 Russian Trade and Industry minister Denis Manturov (pictured) has revealed that many Russian automotive manufacturers are increasingly using national currencies, rather than the US dollar, to pay for imported components. The move has been prompted by recent US sanctions on Russia. Several companies have so far announced the policy, trade with Turkey being the main […]