American carmaker General Motors has left its joint venture with Russian producer AvtoVaz, and will no longer have an assembly operation in the country, Automotive News Europe reports.
The two companies previously assembled Chevrolet-branded automobiles for the local market, but GM lost interest after the market took a turn for...
The combined arms sales of Russian companies in 2018 stood at $36.2 billion, a slight drop of 0.4 per cent on 2017, the latest ranking of the global arms market by the Stockholm International Peace Research Institute (SIPRI) reveals, according to DW.
Their share of total Top 100 arms sales...
New passenger cars and light commercial vehicles (LCVs) sales dropped by 6.4% in November, according to the Automobile Manufacturers Committee (AMC), an industry body overseeing the market.
Overall car and LCV sales declined by 2.8% year-on-year to 1.58 million vehicles said AMC, which is part of the Association of European...
Russia’s largest food retailer, X5 Retail Group, which owns the Pyaterochka, Perekrestok, and Karusel chains, will reconstruct 270 of the 500 existing Pyaterochka stores in St. Petersburg in 2020, Malls.ru reports.
According to Sergey Korobsky, operational director of the northwestern division of X5’s trading network, the reconstruction of stores includes updating the...
Turkey is not willing to sacrifice its security and drop its plans to purchase and operate Russia’s S-400 anti-missile system, despite the threat of U.S. sanctions, Yunus Emre, a member of the Turkish Grand National Assembly’s Committee on Foreign Affairs, told Izvestia.
The lawmaker noted that Turkey could not sacrifice...
Russian analysts are baffled as the country’s manufacturing PMI according to IHS Markit dropped to 45.6 in November, its lowest value in over a decade, bne Intellinews writes.
The latest plunge comes after an already low 47.2 in October. Values below 50 represent a contraction in the sector. The Bank...
Japanese carmaker Nissan Motor will stop producing its Datsun compact car in Russia and Indonesia from next year, Nikkei reported.
Datsuns have been made in India, Indonesia and Russia, partly under contract, and sold in 10 countries. According to MarkLines, an automotive research company, about 72,000 units were sold in 2018...
Russia’s first domestically made electric car Zetta (Zero Emission Terra Transport Asset) will be launched in 2020 as its certification is in the final stages, the Minister of Industry and Trade Denis Manturov has said, according to Regnum news agency.
Zetta, made by the Russian Engineering and Manufacturing Company, will be the...
UK-based company Eurasia Mining says platinum production at its West Kytlim operation in Russia had been undermined by contractor issues, Morningstar reports.
Just 66 kilograms, or 2,122 ounces, of platinum had been approved by authorities as to the maximum approved production limit for 2019, due to 'delays and inconsistencies by...
German company Daimler Trucks has acquired 15% in Russian truck maker Kamaz, the Russian company said in a statement on Monday, according to Vesti Finance.
The German company directly received 106.08 million shares in Kamaz, which corresponds to 15% of shares, the statement said.
"The transaction will not affect the current...
