Friday, November 15, 2019
Russia’s top helicopter manufacturer, Russian Helicopters intend to boost the share of nondefense products in the total output twofold by 2030, the company’s First Deputy CEO Sergei Fomin said at the Helicopter Forum on Friday, according to Aex.ru. "The share we need to show for the civil aviation is 59-60%....
A 5.2% decline in sales of new passenger cars and light commercial vehicles (LCVs) was recorded in Russia in October 2019, according to the report by the Association of European Businesses (AEB) Automobile Manufacturers Committee overseeing the industry, Izvestia reports. The Russian car market has been struggling to recover this year,...
Serbia will buy Russia’s sophisticated short-range air-defense missile system Pantsir despite U.S. warnings of possible sanctions against the Balkan country if the transaction goes through, Business Insider reports. According to Russian state news agency TASS, the Pantsir-S system will be delivered to Serbia “in the next few months in accordance...
The Toyota Motor plant in St. Petersburg on Wednesday launched production of the fifth generation of RAV 4, one of the Japanese automotive giant’s most popular models, Abnews.ru reported. The governor of St. Petersburg Alexander Beglov, the Consul General of Japan in St. Petersburg Yasumasa Iijima, and the Executive Vice President...
An agreement between Sukhoi Civil Aircraft Co and Russia’s national airline Aeroflot for the acquisition of up to 100 Superjet 100 (SSJ-100) regional jets will be financed by the state investment vehicle VEB.RF, Vestifinance.ru reports. The state development corporation will purchase the aircraft for $3.8 billion over a period of six years...
Ferrari sales in Russia grew by 8% in the first nine months of this year, Kommersant reported citing data from Avtostat agency. In January-September, 26 cars of the brand were sold on the Russian market versus 24 units in the first nine months of 2018. The most popular model in Russia is...
Indian commercial vehicle major Ashok Leyland will enter the Russian market with a local partner in a year's time, a top company official has said, according to Outlook India. He also said the company plans to enter the top 10 global commercial vehicle manufacturer`s club soon. "We have identified a local...
The official representative of German carmaker Mercedes-Benz in Russia, Mercedes-Benz Rus has said it is recalling 383 E-class cars, including vehicles sold from August 2016 to the present, the Federal Agency for Technical Regulation and Metrology (Rosstandart) said in a statement, according to TASS. "The reason for the recall of...
Negotiations between state officials over Ankara’s possible purchase of Russian-made Su-35 warplanes are in an advanced stage, Defense News reported this week citing Turkish officials. President Recep Erdogan expressed interest in the jets following Turkey’s acquisition of Russian S-400 missile defense systems in July, which riled long-time NATO allies and...
Activity in Russia’s manufacturing sector contracted again in October as weaker client demand took its toll, the monthly PMI survey by IHS Markit showed on Friday. The Markit Purchasing Managers' Index (PMI) rose to 47.2 in October from 46.3 in September, which was its lowest reading since May 2009, but...