Officials of Russian automotive companies are discussing pooling their resources and forming an investment consortium that would finance joint production of needed parts.
Sometimes referred to as the gray market, parallel imports are vehicles supplied to Russia by countries with which it has maintained economic ties throughout the war with Ukraine, such as China and Turkey.
An industry official says the curtailing of over-the-air updates does not involve safety features but instead involves conveniences such as remote engine starting, which is particularly desirable in the cold Russian...
Light-vehicle production and sales have fallen steeply since early 2022, when Russia’s invasion of Ukraine triggered economic sanctions, supply chain disruptions and foreign manufacturers’ withdrawal from the market.
Russian media reports have indicated GAZ may have wanted to acquire the two VW plants in Russia for itself, considering other foreign automakers such as Mercedes-Benz left the country after selling their assets to...
Light-vehicle sales in Russia in 2022 totaled 687,370, down 58.8% from a year earlier, according to Wards Intelligence data. But the Association of European Businesses projects new-vehicle sales in 2023 will rise 12%...
Unlike previous strategies, which paid particular attention to support for existing assembly plants, the new strategy focuses on the production of materials and components, which are described as “foundations” of the...
To make up for lost sales and production, imports of Chinese vehicles are being increased, and Russia has signed an agreement to import vehicles from Iran. Efforts also are underway to shore up local production.