
The European Union asked the World Trade Organization (WTO) to rule on the legality of a recycling fee imposed by Russia on imported cars, stepping up a trade dispute between the two.

The European Union asked the World Trade Organization (WTO) to rule on the legality of a recycling fee imposed by Russia on imported cars, stepping up a trade dispute between the two.

Russia’s largest carmaker AvtoVAZ swung to a first-half net loss as the country’s economic slowdown took a heavy toll on demand.

Changan Automobile Co. plans to launch car sales next year in Russia, a popular export market for Chinese automakers, the Chongqing Business Daily newspaper reported. Changan unveiled a new SUV concept, the S95, at the Frankfurt auto show last month

Russia’s car market became the largest in Europe in August, overtaking Germany due to a fall in sales there, according to Russia’s analytical agency Autostat.

The Russian auto market will overcome its current slump and overtake Germany to become the largest in Europe – and the fifth biggest globally – by 2020 as car ownership increases, a Boston Consulting Group study said.