One analysis suggests limited capacity, possible loss of government support, devaluation of the ruble and other factors may prompt global automakers to halt assembly operations in Russia and instead focus on imports.
Industry analysts say Daimler is in dire need of a local production base, given the government’s recent decision to ban the purchase by state bodies and agencies of any cars produced outside the Customs Union of Russia, Belarus and Kazakhstan.
A government official says the significant hike in state aid is related to the continuing decline of the Russian market, adding there are no plans to provide direct financial support to automakers because of World Trade Organization restrictions.
Russia, Belarus and Kazakhstan say the new tariff is meant to protect local auto makers against losses associated with significant increases of imports from the EU and in particular Germany, Italy and Turkey, in recent years.
The Center for Automotive Research at Stanford relies on a growing roster of sustaining supporters from the industry, including major players such as Ford, Honda, Hyundai, Chrysler, Toyota, Mercedes-Benz, Robert Bosch and Delphi....More
The two companies argue global megatrends related to fuel economy, safety and autonomous driving are transforming vehicles and the auto industry, making their businesses more complementary than they may appear....More
Without solid backing on Wall Street, FCA may have trouble securing favorable credit for the estimated €50 billion needed to reach aggressive volume targets set last May for the Chrysler, Jeep and Alfa Romeo brands....More
Should the government publicize vehicle-performance data reported by manufacturers and used to identify potential safety defects? Are thousands of scattered eyes necessarily better than a single trained eye?...More