Tuesday, 23.04.2019
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...
Korean carmaker Hyundai is among the companies that seek to snap up Ford plants slated for closure in Russia and within a month or two the fate of these facilities will have to be decided on, Russia’s Minister of Industry and Trade Denis Manturov told reporters on Friday, according...
A proposed deal between Slovenian flag carrier Adria Airways and Russian aircraft manufacturer Sukhoi Civil Aircraft Company for the purchase of 15 SSJ100 planes has fallen through, with both companies citing different reasons for the development, Rusaviainsider.com reports. The carrier, owned by Germany-based private equity firm 4K Invest, issued a...
After Turkey insisted last week on a major arms purchase from Russia, the United States said Monday it was halting all deliveries and joint work with its NATO ally on the F-35 fighter jet program, the BBC in Russian reports. This is the first direct U.S. measure against Turkey, after...
More than 126,000 new passenger cars of the station wagon body style were sold in Russia in 2018, a 66% jump compared to a year before, according to an evaluation published in a report by Autostat. The analytics agency notes that their assessment includes only classic wagons, without crossovers and...
German automotive giant Mercedes-Benz's $280 million plant in Russia’s Podmoskovye will be inaugurated by President Vladimir Putin on Wednesday, Gid55 reported. The 85-hectare plant is located in the Esipovo Industrial Park, about 40 kilometers north of Moscow, and is equipped with Industry 4.0 technologies and full flexible assembly technology...
The CEO of Rusal, one of the world’s biggest aluminum producers, has said the company had fully resumed supplies of primary aluminum to the United States and Europe to the level prior to U.S. sanctions imposed last year. "The volume of supplies to Europe and U.S. has been fully resumed...
The Markit purchasing managers’ index (PMI) showed on Monday that Russia’s manufacturing activity expanded in March, supported by higher output and new business growth. According to IHS Markit analysts, domestic demand substituted demand from abroad, giving the manufacturing sector a further boost. The index’s headline reading rose to 52.8 from...
After several years of absence in the Russian market, the Opel car brand, which has moved from General Motors to the PSA Group, is coming back to the country. In the fourth quarter of 2019, the German-made Opel Grandland X crossover will go on sale, as well as Opel Zafira...
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...