Contract assembler Avtotor says BMW still is interested in developing a plant within a larger automotive cluster with annual capacity of 250,000 units by 2019 in the Kaliningrad region.
Audi Russia chief Achim Saurer says the low- and mid-priced segments of the Russian market will bear the brunt of what is projected to be a 30% year-on-year decline in sales this year, creating opportunities for...
While the tax increase also would apply to importers, the government no longer can afford to raise subsidies for Russian automakers and global manufacturers operating locally at the same rate.
In addition to launching RAV4 assembly next year, Toyota plans to increase imports and possibly launch of production of B- and C-segment models targeted mainly at younger Russians.
The government says it will take fluctuations in the value of the ruble and other currencies into account when determining the percentage of locally sourced components required in foreign automakers’ car...
First-quarter deliveries slumped 39.2% from year-ago, but the automaker predicts full-year sales will fall no more than 30%, revived by a broadened product lineup led by the all-new XC90 CUV.
Ford’s current level of localization in Russia is estimated at 40%, and the automaker says it intends to raise that share to 83%-85% by 2019. That is significantly higher than the 60% target stipulated in an...
Construction is targeted to begin by the end of the year and be completed by the end of 2016. The plant is expected to reach capacity by 2017. Planned production volumes and location of the operation have not been...
Industry and Trade Minister Denis Manturov says GM’s relatively low 25% level of localization of sourcing, manufacturing activity and R&D hurt the automaker when the value of the ruble began sinking.
Automakers support the government subsidies but also want regulations on assembly operations eased, support for new agreements with foreign manufacturers, resumption of preferential auto lending and limits on steel...