Japanese carmaker Toyota confirmed that it plans to double the production capacity of its plant in St. Petersburg from the current 50,000 to 100,000 cars per year. The news is a rare positive for the auto industry in Russia, which has been hard-hit by the economic crisis in 2014.
In 2013 Russia was projected to become one of Europe’s... More →
The mainland is expected to release 300 billion yuan (USD$48 billion) worth of railway construction contracts in the remaining months of this year as the government steps up support for railway investments, said China Railway Group, the country's largest railway builder.
"China does not have a railway network that is too large. It still needs... More →
The exhibition year in Shanghai ended last week with closing of one of the biggest international events of automobile industry – AUTOMECHANIKA Shanghai 2013 (www.automechanika-shanghai.com), which once again has beaten all records: exhibition space has reached 210 000 sq m this year (but for 17 main exhibition halls of SNIEC (www.sniec.net)... More →
More and more well known car manufacturers see the potential of the emerging markets. In the middle of September AUDI announced about returning to the Brazilian market, and two weeks later another biggest manufacturer of luxurious cars Mercedes-Benz revealed its' plans to resume car manufacture in Brazil. In both cases auto giants... More →
While Russia's auto market remained weak in May, major Chinese automakers generated strong sales growth on small volumes during the month, according to the Association of European Businesses (AEB).
Zhejiang Geely Holding Group Co., the top-selling Chinese automaker in Russia, sold 2,414 vehicles in May, up 120 percent from a year earlier.
Chongqing... More →
General Motors said it will begin kit production of its Opel Corsa subcompact in Belarus for Russia and neighboring markets.
Together with joint-venture partner Unison JSC, Opel said today it plans to assemble 7,000 cars in the first year of production at Unison's plant in Minsk.
The automaker didn't say when production would start and a spokes... More →
SAO PAULO – Brazil’s growing economy is giving consumers more purchasing power than ever before.
This, plus effective social-welfare policies and an end to past cycles of hyper-inflation, has grown Brazil’s middle class, which now represents about 54% of the country’s 196 million population, according to the presidential... More →
With luxury auto sales booming in many parts of the world, especially in resource-rich nations like Russia, where sales of Audis, BMWs and Mercedes-Benzes continue to soar, some of the local automakers are considering entering the segment with their own upmarket vehicles.
In Russia, the push is coming from country’s own government, which... More →
TOYOTA CITY, JAPAN — Toyota plans to invest 2.7 billion rubles ($88 million) in establishing new facilities for plastic auto part production in St. Petersburg, Russia.
The new plant will specialize in producing plastic parts for interiors, as well as transmissions and wipers. According to Toyota, the products may be supplied to other... More →
Moscow. According to AEB in Russia, in January 2013 the sales of new passenger cars and light commercial vehicles in Russia increased by 5% and reached 162 077.
The leader of sales in January was the brand Lada (30 037 vehicles, an increase of 3% compared with the similar period of 2012). The second place - Renault (14 741, an increase of 35%).... More →