Russia

A recent burst of foreign interest in Russia's automotive market leads

Fiat Power Train Technologies (FPT) and Russian automotive heavyweight Severstal-Auto have signed a Memorandum of Understanding relating to the launch of a joint venture in Russia... 2006-12-28

Canadian car parts manufacturer Magna is busy striking up commercial relations with domestic carmakers in Russia. Magna, whose various subsidiaries across the globe make components... 2006-12-07

Severstal-avto has launched production of Fiat's Albea sedan at its plant in Tatarstan, Russia in accordance with a licensing agreement concluded in 2005. Some 35 dealers sell Fiat... 2006-12-05

Increased wealth in Russia, which has come thanks to the country's growing status as an oil exporter, has led to an upturn in demand for new cars and premium vehicles. The strength... 2006-11-27

The Russian automotive dinosaur AvtoVAZ is roaring again, with a 15% y-o-y surge in income to RUB111bn (US$4.16bn) in the first nine months of 2006. Net income grew by 40% to RUB5bn... 2006-11-20

Russian carmaker Avtotor and Chery of China are pursuing plans to build a new car plant in Kaliningrad, which is situated in a Russian enclave between Poland and Lithuania. The tie-up... 2006-10-31

Volkswagen has kicked off construction of its EUR400mn (US$510mn) plant in Kaluga, Russia. VW CEO Bernd Pischetsrieder was in the city this weekend to lay the symbolic foundation... 2006-10-30

Iranian carmaker Iran Khodro Diesel has been awarded a US$250mn contract to assemble Gazelle vans for Russia's GAZ. Around 12,000 units will be produced in the first phase of CKD... 2006-10-30

According to Robert Prusinski, commercial director of Peugeot Rus Auto, the French carmaker will define a plan for producing cars in Russia before the end of the year. Peugeot has... 2006-10-26