With the Russian ruble experiencing a near collapse in value, multiple OEMs have decided to suspend sales of its vehicles in Russia.
Home to many a ‘Ring time, as well as one 24-hour FIA GT3 throwdown with as many competitors and fans as it can fit, the Nurburgring has found a new owner in Russian billionaire Viktor Kharitonin.
Everyone knows it by its export name, Lada, but its real name was VAZ and that is how it was commonly known in Soviet Union. Like all other Soviet automakers, VAZ is an acronym and it stands for Volzhsky Avtomobilny Zavod, or Volga Automobile Plant. This is not to be confused with Volga cars which were made by GAZ, Gorkovsky Avtomobilny Zavod or Gorky Automobile Plant, some 600 kilometers southeast.
Despite problems with the Russian market, as well as restructuring costs, General Motors says Vauxhall and Opel are on their way out of the red and into the black.
Nissan’s emerging-market brand Datsun unveiled its newest addition to its burgeoning lineup at the 2014 Automechanika Moscow show: The mi-DO.
The recent round of trade embargos might have hurt Russia’s new vehicle market, but there’s no question that they’ve gotten the better deal when it comes to a small Chevrolet crossover.
In an effort to combat plunging auto sales, the Russian government is deliberating on a decision to bring back its cash for clunkers program, last seen sending Ladas, Volgas and GAZs to the crusher back in 2010.
Automotive exports from European and American manufacturers may suffer sanctions by Russia in retaliation for more sanctions imposed upon by the European Union and the United States.
Though PSA Peugeot Citroen secured funding in a three-way deal between itself, the French government and Dongfeng, new boss and former Renault COO Carlos Tavares has a hard road ahead of him as he rebuilds the ailing automaker.