Monday, August 19, 2019
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...
Despite recent assurances by Turkish president Recep Tayyip Erdogan that Washington will not carry out threats to sanction his country over a deal to buy the Russian S-400 missile system, the Trump administration still plans to impose the punitive measures, Reuters reports.  Washington earlier announced it will remove Turkey, a...
Suppliers of hot-rolled (HR) and cold rolled (CR) steel sheet to Russia’s Central Federal District around Moscow kept prices unchanged for early 2019, despite an increase in the domestic value-added tax (VAT) rate, Metal Bulletin reports. Effective 1 January 2019, VAT in Russia will increase to 20% from 18%....
Russia's manufacturing activity hit a five-month low close to stagnation in February as new order growth softened and inflationary pressures increased, survey data from IHS Markit showed on Friday. The Manufacturing Purchasing Managers' Index, or PMI, fell to 50.1 in February from 50.9 in January, said the latest report by...
The 2018 core earnings of Russian steel and coal producer Mechel dropped 7 percent versus the previous year, with lower sales in the mining division only partly offset by higher coal prices, Reuters reported citing company data. The 2018 earnings before interest, taxation, depreciation, and amortization (EBITDA) were at 75.67...
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...
Azerbaijan and Iran will soon export cars produced as part of a joint project to Russia, Ukraine and in the member countries of the Commonwealth of Independent States (CIS), Trend news agency reports. The joint venture will operate in the existing Khazar Car Factory”, said Sabina Nobari, head of IKCO (Iran Khodro...
Russian precious metals miner Polyus reported 50% growth in second-quarter adjusted net profit to $365 million, GuruFocus.com reported.  The company’s share climbed 1.23% to 6,929.00 rubles ($106.07) on Tuesday after the announcement. Higher refined gold sales volumes and prices led revenue to increase 19% to $897 million, the report said. The...
The Egyptian Minister of State for Military Production Mohammed Saeed al-Assar met the Russian Ambassador to Egypt Sergei Kiribchenko and an accompanying Russian delegation to discuss ways to enhance cooperation between Egyptian and Russian military manufacturing on Thursday, Egypt Today reported. Russian Ambassador Kiribchenko stressed that he seeks to enhance cooperation...
China's leading SUV brand and part of Great Wall Motors, Haval, has launched the inaugural round of production for the highly anticipated F7 SUV in the brand's new factory in Tula, Russia, Just-auto.com reported. The production of the Haval F7 marks a significant milestone as the automaker's first full-process mass-produced...