A slump in the Russian ruble and a state scheme to support local car sales slowed falls in vehicle sales in October to 10 percent year-on-year from 20 percent a month earlier, the Moscow-based Association of European Businesses said.
Tag Archives: Russia
Russia may allow Serbia export quota for Fiat cars
Serbian Prime Minister Aleksandar Vucic said there was a possibility of an export quota being agreed with Russia for Fiat cars manufactured in Serbia.
Currently exports to Russia from Serbia have high customs duties because a free trade agreement between the two countries excludes automobiles.
Russia September car sales fall 20%, Ukraine crisis hits demand
New-car sales in Russia continued their freefall in September with a drop of 20 percent, following a 26 percent fall in the previous month, the Association of European Businesses (AEB) lobby group said in a statement.
Russia dims hopes for European auto rebound
By Jeff Schaeffer and Angela Charlton
The European car market is seeing a fragile recovery after six years of decline, but CEOs in Paris are scaling back hopes that Russia could help drive the rebound. The sanctions imposed on the country for its involvement in the Ukraine crisis have dented confidence.
Chinese-built Volvo S60L sedans start shipping to the U.S. and Russia in 2015
Volvo, with help from its Chinese owner Zhejiang Geely Holding Group, plans to start exporting Chinese-made cars to the United States and Russia as early as next year, said a Volvo executive, who requested anonymity because he is not authorized to speak with the media.
