The Solaris' launch, combined with the Sonata’s return and more active promotion of the Creta CUV, should result in sales growth of 10%-12%, Hyundai says.
The automaker is focusing its Russia strategy on an upcoming new version of its Outlander and a new, diesel-powered Pajero Sport, which combine for 80% of Mitsubishi sales in a market where CUVs are among the...
The proposed subsidies do not have unanimous support from the government. Officials with the Ministry of the Economy, for example, believe ongoing state support could leave automakers without incentives to cut costs...
A Russian Ministry of Industry and Trade spokesman says the new rule governing distribution of 2017 subsidies is a response to a shortage of facilities where car owners can have their vehicles serviced.
Production is running below 50% of capacity in response to a sales slump dating back to 2012. Light-vehicle deliveries fell just 2.5% in October but were down 13.2% during the year’s first 10 months, according...
Government sources say Daimler could sign an investment contract committing it to localizing parts purchases, design new technologies and products and create new jobs in exchange for government tax breaks, customs...
Global automakers have received subsidies and other benefits for localizing production by purchasing more Russian-made parts and expanding R&D activity in the country. But Russia has been unable to extend the...
The 50,000-unit-capacity plant in Vladivostok mainly will produce Mazda’s SkyActiv-G engines for export. Neither Mazda nor the government say whether output of Mazda6 and Mazda CX-5 models now built there will...
Besides the U.K. and Germany, parts made by the Ford Sollers Russian joint venture will be exported to Ford’s Romanian plant, which produces B-Max compact vans and plans to begin building EcoSport compact CUVs...