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VEB will finance AVTOVAZ and IzhAvto

NAPI – Russian bank VEB will give 30 billion rubles credit to AVTOVAZ and AVTOVAZ affiliate: United Automobile Group (OAG). The aforementioned amount will be used in the modernisation of

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The president of Ford Sollers does not expect a recovery in the Russian market until 2017

Gazete.ru – The president of Ford Sollers: Ted Cannis has told Gazeta.ru that the polical and economic instabilities will have negative effects on the Russian automobile market during the course

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St. Petersburg car production has been on the decline for four months

RusAutoNews.Com – According to Auto-Dealer-SPb data, St. Petersburg based Toyota, GM, Nissan and Hyundai factories have manufactured 242,600 automobiles within the first eight months of the year (-4%). Thereby, the share

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GM will lay off 500 workers from its St. Petersburg factory

RusAutoNews.Com – The representative of St. Petersburg GM factory has announced that the number of shifts will be reduced to one, as of October. In addition, the production will be

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Car production in Russia has declined by 38.3% in August

RBK – According to Rosstat data, Russian car production has gone down by 38.3% in August, in comparison with the previous year. The shrinkage rate for the first eight months of

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Car manufacturers are initiating their own utilisation programmes

Vedomosti – The automobile utilisation programme, the commencing date of which was announced as 01 September by the Russian Ministry of Industry and Commerce, has not yet come into force,

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Volkswagen Kaluga factory has suspended production

Reuters – German car manufacturer Volkswagen has announced suspension to production at Kaluga factory. The economic situation in the country has been shown as the reason behind the decision. VW

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AVTOVAZ will lay off 2200 directors, specialists and workers until the end of the year

Interfaks. – AVTOVAZ will lay off approximately 2200 directors, specialists and workers as of 23 September, within the frame of a plan. The representative of AVTOVAZ trade union has stated

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Car seats will be manufactured for KIA models in Kaliningrad

Avtostat – The establishment of car manufacturer Avtotor’s Kaliningrad factory, where car seats will be manufactured for KIA automobiles within the frame of the supply industry development programme, is about to

OEMs

KAMAZ, GAZ and Ford Sollers have made losses during the first half of the year

Vedomosti – The declining automobile sales in Russia cause losses for manufacturers. However, the manufacturers hope to compensate the losses with the help of the renewal programme. The net profit of