The sanctions have spurred the Russian industry according to the Minister of Industry and Commerce

The sanctions imposed against Russia by the West and the counter-sanctions implemented by Moscow have geared up the agricultural, engineering and pharmaceutical industries in the country, as stated by the Russian minister of Industry and Commerce Denis Manturov at an interview with the French newspaper Les Echos. The share of oil and gas in Russian … Continue reading The sanctions have spurred the Russian industry according to the Minister of Industry and Commerce

KAMAZ will invest €50 in truck production in Senegal

KAMAZ will invest €50 million in the first phase of assembly production in Senegal, as told by the general director of the company Sergei Kogogin to journalists. “The Senegalese government is currently carrying out the final negotiations with EXIAR (Russian Agency for Export Credits and Investments – RNS), concerning the provision of a state guarantee … Continue reading KAMAZ will invest €50 in truck production in Senegal

Mercedes-Benz lays the foundation of a new car factory in Russia

Mercedes-Benz will start works on the construction of a new plant for fully flexible passenger cars and SUV production. According to plans, the localised production of E-Class sedan will start at the new factory in Moscow Region in 2019. The production of GLE, GCE and GLS off-road vehicles will gradually be launched thereafter. The manufacturer … Continue reading Mercedes-Benz lays the foundation of a new car factory in Russia

Car production has increased by 21% in Russia within the January-April 2017 period

According to ASM Holding data, 472,141 transport vehicles (trucks, cars, buses) have been manufactured in Russia within the January-April 2017 period, which is equivalent to a 20.7% year-on-year rise. Car production has increased by 21.4% during the aforementioned period y/y, with 418,800 units. The production share of foreign brand cars in Russia went up to … Continue reading Car production has increased by 21% in Russia within the January-April 2017 period

Truck imports and exports increased in Russia in Q1 2017

NAPI – According to Russian Federal Customs House data, truck imports to Russia increased by 47% within the first three months of 2017, to 5 thousand units. The monetary value of these imports amounts to $410.5 million. While 4,2 thousand trucks have been imported from non-CIS countries for $195.3 million, the remaining 800 automobiles came … Continue reading Truck imports and exports increased in Russia in Q1 2017

Russian new passenger cars and LCV market increased by 6,9% in March

RusAutoNews.Com – In April 2017, sales of new cars and light commercial vehicles in Russia increased by 6,9% compared with April 2016 or by 8324 sold units, and amounted to 129 476 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC). This year in January—March 451 945 cars were sold. Joerg Schreiber, Chairman of the AEB … Continue reading Russian new passenger cars and LCV market increased by 6,9% in March

Russian luxury automobiles market has grown by 15% during the first quarter

Autostat – According to Autostat, the Russian market of luxury cars has reached 350 units by the end of the first quarter of 2017, following a 15.1% year-on-year growth (from 304 units). Mercedes-Benz has remained the leader of the market, which is represented by one model only: Mercedes-Benz Maybach S-Class. 153 Maybach S-Class have been … Continue reading Russian luxury automobiles market has grown by 15% during the first quarter

Derways has started the production of the updated Brilliance V5 crossover

Autostat – The production of the updated crossover Brilliance V5 has started at Derways factory in Cherkessk, as stated by Brilliance Motor press-office. As published by Autostat previously, due to the new requirements of equipping the vehicles with ERA-GLONASS system, Brilliance Motor has decided to discontinue the sales of H230 sedans and hatchbacks in Russia. As … Continue reading Derways has started the production of the updated Brilliance V5 crossover

Magna has left the joint venture with Avtotor in Kaliningrad Automotive Cluster

RNS – Car manufacturer from Kaliningrad: Avtotor has consolidated 100% of the joint venture with the Canadian automotive component producer Magna NN2. Avtotor Holding has become the sole owner of the company as of the end of February 2017. The company had 60% of the shares previously, the remaining 40% belonging to the Austrian structure: Magna … Continue reading Magna has left the joint venture with Avtotor in Kaliningrad Automotive Cluster