Eugene Gerden

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.

A delegation of GM officials led by Shilpan Amin, GM International president, recently traveled to Uzbekistan and signed a series of agreements expanding cooperation between the U.S. automaker and UzAuto.

Dearborn, MI-based Ford says it completed the transfer of its 49% stake in the Sollers Ford JV to Sollers for “nominal value.” Ford suspended operations in Russia on March 2, a week after Russia invaded Ukraine.

Toyota and Nissan close down Russian operations as the war in Ukraine rages on and international sanctions make parts supplies hard to come by.

The main objectives of the new government strategy are to stimulate demand for cars among Russian consumers and to achieve 80% localization of vehicle and vehicle components production.