Korean carmaker Hyundai Motor Co. said Thursday it is ready to test a self-driving taxi it has developed with Russian internet firm Yandex, Autonews.ru reported.
Under an initial agreement signed in March, Hyundai and Yandex have developed a driverless riding platform based on Hyundai's Sonata midsize sedan. They will begin...
The shares of Rusal, the world’s biggest aluminum producer outside China, plunged 50 percent in the Hong Kongstock exchange following U.S. imposed sanctions on the firm and its billionaire owner Oleg Deripaska, Bloomberg reports. The development could have a devastating effect on the global aluminium market.
The company is...
India and Russia have started to move forward on a deal to supply New Delhi with the powerful S-400 air and missile defense system. However, in case the deal goes through, India might come under American sanctions because of the new Countering America's Adversaries Through Sanctions Act that was...
The Russian dealer of German carmaker Mercedes-Benz will recall 1,600 S-class sedans in Russia due to problems with the driver assistance package, the country’s Federal Agency for Technical Regulation and Metrology (Rosstandart) said on Monday, according to Kommersant.
The recall will cover automobiles sold from March 2017 to June 2018,...
Russian aluminum major Rusal has reduced its sales of value added products (VAP) in the first quarter by 44 percent from a year ago and by 22 percent from the last quarter of 2018, due to sanctions by the United States, Reuters reported.
Rusal was added to a U.S....
U.S.-sanctioned Russian aluminum giant Rusal will re-register as an international company in Russia after its board decided to leave the current operating jurisdictive of Jersey, Rusal said in a statement to the Hong Kong stock exchange.
“After careful consideration, the board of directors decided that this is in the...
The Russian Direct Investment Fund (RDIF) announced on Monday that it had reached an agreement with China's Hualan Biological Bacterin to produce over 100 million doses of Russia's Sputnik V vaccine against COVID-19 per year in China.
"RDIF ... and Hualan Biological Bacterin Inc. (a subsidiary company of one of...
The Russian dealer of British luxury carmaker Bentley, Volkswagen Group Rus, will recall 37 Continental model cars in Russia, the country’s Federal Agency for Technical Regulation and Metrology (Rosstandart) said on Friday, according to TASS.
Cars sold in 2019 will be recalled, the agency said. "The reason for the recall...
A company associated with Russian billionaire Roman Abramovich has backed a plan by local wine industry veteran Denis Polyakov to launch a new importer in the country, Decanter.com reported citing sources close to Polyakov.
Separately, it is understood that Abramovich has become an investor in the Gai-Kodzor winery in southern...
Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
