Business Watch
Automotive
JSC VTB Bank has granted a RUB 3.3 billion to JSC Ulyanovsk Automobile Plant. Part of the funds will be channeled into the ongoing operations. JSC UAZ is a part of SOLLERS Group whose facilities produce Russian UAZ SUVs and Korean SsangYong SUVs, as well as petrol and diesel ZMZ engines.
Posted by John Bonar
on Tuesday, 04 October 2011 08:44.
Published in Automotive
A tank repair-shop in Primnorye's Ussurisk city is one of the sites being inspected by the Renault-Nissan-AvtoVAZ motor alliance as they search for a suitable factory in which to launch a vehicle-assembly unit in Russia's Far East.
Posted by Editor
on Tuesday, 01 February 2011 02:31.
Published in Automotive
Daimler has selected GAZ as a partner in Russia and plans to invest more than €100 million in production of Mercedes-Benz Sprinter in Nizhny Novgorod. Russian Prime Minister Vladimir Putin attended the official presentation of the project.
Posted by Editor
on Saturday, 25 December 2010 12:05.
Published in Automotive
Rostechnology, the biggest shareholder of top Russian truck maker KamAZ is in talks with its Belarusian rival MAZ to increase its market share and a possible majority stake acquisition. Talking about the negotiations, KamAZ General Director, Sergei Kogogin said “We are always looking to acquire 100% of the company or at least a controlling stake”.
Posted by Sayan Guha
on Tuesday, 14 December 2010 08:47.
Published in Automotive
On the back of an economic recovery and government rebate program on used vehicles, new car sales in Russia zoomed by 80 percent in November, the highest in two years; said the Association of European Businesses on Wednesday.
Posted by Sayan Guha
on Sunday, 12 December 2010 11:41.
Published in Automotive
Troika Dialog, a Russian investment bank, may sell all of its shares in automaker OAO AvtoVAZ in the “near future,” said Sergei Chemezov, chief executive officer of state holding Russian Technologies Corp.
Posted by Editor
on Sunday, 21 November 2010 17:31.
Published in Automotive