Industry Developments

South Korean car manufacturer Hyundai has completed its global expansion programme with the news that it will set up a manufacturing plant in Russia. Based in Taganrog, outside St... 2008-06-06

Daimler AG's Premium division Mercedes Benz is considering setting up a car production plant in the western city of Timis in

The Czech Republic has always been an attractive option for investors owing to its low labour costs, highly skilled labour force and open economy, and the government wants to leave... 2008-05-29

Russian car maker IzhAvto is expected to join a partnership made up of Volga-based auto producer AvtoVAZ and Renault-Nissan, IzhAvto's CEO Mikhail Dobyndo

Led by strong growth in demand, Ford is looking to add more production capacity at its St Petersburg plant. While expansion opportunities for Ford continue, company vice-president... 2008-05-23

French automaker PSA Peugeot-Citroen and Japan's Mitsubishi have set up a joint venture to produce vehicles of three brands, Peugeot, Citroen and Mitsubishi in

Hungarian vehicle parts manufacturer Raba is keeping its full year forecast for 2008 unchanged, despite posting a net profit of HUF657mn (US$4.06mn) in

Russia is increasingly becoming one of the biggest European markets for carmakers like Nissan and Renault. BMI estimated that car sales grew 50% in 2007 to 2.7mn units. With the Japanese... 2008-05-19

New car sales showed mixed results in Eastern European countries. Whereas countries like Russia and Ukraine showed positive growth, the prospects for Hungary, Latvia and Croatia do... 2008-05-16

The Russian government has stated that it does not intend to sell its 38% stake in truck maker Kamaz, following reports that investment company Troika Dialog was planning to increase... 2008-05-09