Spanish clothing brand Zara has reportedly agreed on a deal to produce hats and scarves in a Russian textile factory, after a year of negotiations, RBC reported.
Zara’s parent company, clothing giant Inditex, signed a deal with Morozovskiye Traditsii, a Russian clothes manufacturer based in Tver, 175 kilometers north of Moscow, anonymous...
Japan’s Suntory intends to resume the production of its brand of soda Orangina in Russia after the company terminated the license agreement with the Moscow brewing company that produced the drink and is looking for a new partner, RBC reports.
Representatives of the Japanese Suntory Holdings came to Russia...
Russian mining giant Alrosa has summed up the results of its auction of special size (over 10.8 carats) diamonds, held at the Israel Diamond Exchange (IDE) last week, the company said in a statement.
Alrosa sold 105 gem-quality rough diamonds totaling 1,906 carats in weight, raking in $17 million. More...
U.S. carmaker Jeep is growing in Russia, although the numbers are still modest, Clubalfa.it reports.
Jeep is a division of FCA US LLC (formerly Chrysler Group, LLC), a wholly owned subsidiary of the Italian-American corporation Fiat Chrysler Automobiles.
Sales of all Jeep models totaled 1,773 units in 2018 in the...
Russia’s first luxury car manufacturer, Aurus, is facing challenges in global markets and its future is uncertain, Izvestya writes. According to the newspaper, Toyota, Lamborghini and Michelin have filed protests with the European Union Intellectual Property Office (EUIPO) against the Russian brand’s patent application, claiming that the brand’s name...
U.S. carmaker Ford’s Russian unit, Ford Sollers, will recall 14,576 Ford Explorer cars in Russia due to suspension issues, the Federal Agency for Technical Regulation reported and Metrology (Rosstandard) said on Wednesday, according to RT.
The recall will cover cars sold from August 2012 to April 2018.
The reason for the...
German automotive conglomerate Volkswagen Group has proposed to the Russian government to differentiate the system of access to state support for the automotive industry, Vedomosti reports.
The company believes the volume of state subsidies should depend on the level of localization of cars and automotive parts of each particular automaker....
Russia is emerging with relevant technologies and strategies and is ramping up its production of automated and driverless vehicles, recent research conducted by data and analytics firm GlobalData reveals, according to ESI Africa.
“According to GlobalData forecasts, Society of Automotive Engineering (SAE) Level 3 and Level 4 automated light vehicles...
U.S. automotive giant General Motors (GM) said it has appointed Ciprian Suta as the company’s new Managing Director in Russia and the CIS (Commonwealth of Independent States), Global Fleet reports.
Suta was formally appointed on October 1st. He succeeded the previous GM Russia Managing Director Hector Villarreal, who has been appointed...
Russian steel pipe manufacturer TMK has finalized a deal to sell its U.S. subsidiary IPSCO Tubulars to global producer Tenaris, Kommersant reports.
"The final amount paid in cash, following contractual adjustments, was US$1,067 million (including approximately $220 million in working capital)," Luxembourg-based giant Tenaris said in a statement.
Under the deal,...
