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Russian vehicle market will continue shrinking due to economical and political reasons

Vedomosti. – Russian new car and light commercial vehicle market will shrink by minimum 10% in 2014, in comparison with the previous year. This prediction, belonging to Renault Russia general

Suppliers

Italy has permitted Rosneft to purchase 13% share of Pirelli

Kommersant – Italian Competition Authority (AGCM) has approved the purchase of 50% share of Camfin SpA by the Russian petrochemistry company Rosneft. Camfin SpA was the holder of 26.19% share

OEMs

Lifan will establish a car factory in Kaluga

RBK – Chinese Lifan is getting ready to establish a car factory in Kaluga Region, with an investment of $150 million. According to JustAuto, an agreement has been signed between the

OEMs

GM is reconsidering the growth plans at its St. Petersburg factory

Prime – General Motors has announced that the growth plans at St. Petersburg factory are being reconsidered. The company has made the following statement: “In relation to the current situation of

OEMs

AVTOVAZ will cut production due to crisis

RBK – AVTOVAZ is planning to cut production by 25,000 in Autumn. The company has taken this decision due to declining automobile sales. However, the staff will continue working without

OEMs

Great Wall Motors has started the construction a factory in Tula

RBK – Great Wall Motors has started the construction of its Tula factory with a ceremony. The factory had purchased 216 hectares of land in Tula for the construction of

Commercial vehicles Market

Russian LCV market has shrunk by 28% in July

Avtostat – Light commercial vehicle sales have dropped by 28% in Russia in July, with 10,800 vehicles. Such a sharp decline in the LCV market of the country was observed during

Market

Record decline in Yekaterinburg automobile market

RusAutoNews.Com – According to Auto-Dealer-Yekaterinburg agency data, 45,086 new cars and light commercial vehicles have been sold in Yekaterinburg during the January-July period of 2014 (-16%). The July-only sales figure is

Market

St. Petersburg automobile market has returned to 2010 levels

RusAutoNews.Com – According to Auto-Dealer-SPb data, 108,556 new cars and light commercial vehicles have been sold in St. Petersburg within the first seven months of 2014 (-5%). As one may remember,

Commercial vehicles Suppliers

KamAZ and Palfinger are establishing two new facilities in Russia

Avtostat – Russian KamAZ and Austrian crane manufacturer: Palfinger AG have signed two agreements, proposing the establishment of two joint enterprises. The first agreement is related to the establishment of a