Workers at a Ford factory in Russia slated for closure in June could organize a partial shutdown of production this week to protest layoffs of over 1,000 employees, a local labor union leader said Friday, according to Car.ru.
Ford Sollers, the American automotive giant’s joint venture in Russia, announced late...
Russia’s machine-building enterprise Uralvagonzavod (UVZ), which is part of the state-owned hi-tech corporation Rostec, is not affected by problems related to American sanctions against Russia, the company’s Chief Executive Officer Alexander Potapov told Kommersant.
“So far, we have not experienced any real problems. Sanctions keep us in a certain shape...
Lada Vesta became the domestic bestseller in Russia in the first half of 2018, the country’s analytical agency Autostat reported on Monday.
"About 173,000 new cars of national brands were sold in Russia in six months of 2018, up 20% on an annualized basis. Lada Vesta model has become the...
The Russian-made Aurus executive class cars will make their European debut during the 89th International Motor Show in Geneva in March 2019, showcasing sedan and limousine versions, the Russian Industry and Trade Ministry’s press service said, according to Sibnet.ru.
"A decision has been made that Aurus executive class cars… will...
GM Uzbekistan, а joint venture between U.S. automaker General Motors and local company Uzavtosanoat, continues negotiations on the creation of an assembly plant in Russia, Trend news agency reports.
Jahongir Tillaev, director of sales and service for GM-Uzbekistan, was quoted as saying the move would benefit both the company and...
Russia’s Industry and Trade Minister Denis Manturov said during a working meeting with President Vladimir Putin on Monday that the country’s manufacturing industry grew by 2.6% in 2018, state-run news agency TASS reports.
"Overall the results are positive in all sectors of industry. Manufacturing industry grew by 2.6%," he...
Global palladium prices set a new record high on Friday on worries of a supply deficit, as the market was shaken by news that Russia may ban exports of precious metal scraps, along with expectations that China's economic stimulus would drive demand for the auto catalyst metal, Reuters reports.
Spot...
Russian authorities have opened an investigation into a potash mine fire which has killed eight miners, The Associated Press reports.
Rescue teams in the Ural Mountains are still looking for a construction worker trapped inside the burning potash mine owned by the Uralkali company after the bodies of eight...
IPG Photonics, a Britain-based laser manufacturer, argues in a new court filing that the company will continue to lose business as long as CEO Valentin Gapontsev is listed as a Russian oligarch and U.S. tensions with Russia continuing to escalate, the Worcester Business Journal reports.
Gapontsev is a Russian-American billionaire...
Russia has been removed from the list of producers of components for Ukraine’s An-178 transport aircraft, the country’s President Petro Poroshenko has said, according to the Kyiv Post.
“The Ukrainian beauty, An-178, has recently made a demo flight in the suburb of London at the international air show Farnborough Airshow,”...
