Industry / Russia

Renault Prepares For Imminent Recovery

March 2010 | Company News Alert

Printable version
Email
Bookmark

Renault, the fifth largest carmaker in Russia in terms of sales, has stepped up its production capacity by inaugurating the second phase of its Avtoframos plant in Moscow.

To read the full article, please sign in or take a free trial.

Related Insight Articles

Further Cutbacks At GM's St. Petersburg Plant

Industry / Russia General Motors (GM) is to suspending production at its St. Petersburg plant for two months due to weak domestic demand. The US carmaker, which ranks as the second-largest operator in Russia after AvtoVaz,...

June 2009

Suzuki Suspends Plant Construction

Companies / Russia Japanese carmaker Suzuki Motor plans to suspend the construction of its factory in the city of Shushury-2, near St. Petersburg, Russia. This is due to a slump in the domestic vehicle market, just-auto.com...

June 2009

Low-Cost Loans To Heighten Demand?

Industry / Russia The Russian government is considering extension of its low-cost loans scheme to include more car brands, Reuters has reported. This is a result of a 53% year-on-year (y-o-y) drop in new car sales in...

May 2009

AvtoVAZ Downsizes Operations

Industry / Russia Russia's largest carmaker, AvtoVAZ, is to reduce its working hours in June. The decision follows a 54% year-on-year (y-o-y) fall in its revenues to RUB16.99bn (US$530mn) in Q109. According to estimates...

May 2009

Hyundai Goes Slow On Expansion

Industry / Russia South Korean carmaker Hyundai Motor is looking to borrow close to EUR250mn (US$331.3mn) from banks and other financial institutions to fund its new plant in Russia. The company was banking on strong...

April 2009