Industry
Government support on automotive industry will lead to a 10% increase in car production at the end of the year
TASS.- The support measures taken by the Russian government in July will stimulate an increase in car production by 10% at the end of 2019. The relevant statement has
VW may stop cooperation with GAZ in case the US sanctions fully come into force
Finmarket.- German car manufacturer Volkswagen AG has warned GAZ about the termination of cooperation in the event of the US sanctions‘ implementation on the company in full as of
The production of the updated Ford Transit has started in Russia
RusAutoNewsCom.- Ford Sollers Elabuga has announced the launch of the production of the updated Ford Transit at the factory of the company in Elabuga Special Economic Zone. The first
Sollers has made a net loss of 136 million rubles at the end of H1 2019
RusAutoNewsCom.- As announced by the company press office, the revenue of Sollers Group has increased to 15.1 billion rubles by the end of the first half of 2019, which
Creditors have demanded $270 million from Derways automobile plant
RBC.- The creditors of Derways automobile plant in Karachai-Cherkesk have demanded the return of 17.9 billion rubles (approximately $270 million) from the company. The relevant data is filed in
Avtovaz will reduce the speed of its assembly lines
Autostat.- Avtovaz plans to reduce the speed of a number of assembly lines on the conveyor of its Togliatti plant as of mid-September. Vedomosti has made the relevant statement,
GAZ Group may shift to a four-day work week
RNS.- GAZ Group has given notice to its employees about a possible shift to a four-day work week, as of the end of October to 20 April 2020, as
Toyota will invest $300 mln in the development of its St Petersburg plant
RusAutoNewsCom.- As reported by the press office of the St Petersburg City Administration, the details of the development of cooperation between the Administration and Toyota Motor have been discussed
UAZ will invest 7 billion rubles in a new platform for Patriot-2020
Autostat.- Ulyanovsk Automobile Plant UAZ is working on the creation and launch of the advanced Patriot-2020 platform in cooperation with the Central Scientific Research Automobile and Automotive Engines Institute
The profit of Daimler Kamaz Rus has shrunk by 29% in 2018
Finmarket.- Daimler Kamaz Rus has made a net profit of 962.5 million rubles in 2018, following a 29% year-on-year shrinkage. The revenue of the enterprise has risen by 11.5%
