‟Our ambition is to be the third-largest car manufacturer in Iran,” Renault executive Bernard Cambier says after the automaker signs a joint-venture production agreement with the state-owned Industrial Development & Renovation Organization.
The show comes with 7-month sales running 14.4% below the country’s already-depressed rate and well behind its best-ever full-year result of 2.9 million sales in 2012, when the economy was healthier and Western economic sanctions had not taken effect.
The Russian auto industry is struggling, but many automakers are participating in this year's Moscow Auto Show, including AvtoVAZ (with its Lada brand), Hyundai, Ravon and Chinese manufacturers Geely, Changan, FAW and Dongfeng.
Daimler is particularly active in expanding its manufacturing footprint in the region. The company last month announced plans to build a second plant at its site in Kecskemet, Hungary, for the production of front- and rear-wheel-drive cars.
The Datsun on-DO sedan and mi-DO hatchback, two models based on the Lada Granta and Kalina and manufactured by Nissan’s Russian partner AvtoVAZ, are available as the brand returns to Lebanon after 49 years.
The facility, which makes Peugeot 208 hatchbacks and Citroen C3 Picasso microvans, launches output of a third model in the second half of this year. What PSA calls a ‟B Mainstreamˮ car is the successor to the Citroen C3 now built at Poissy, France.
A newspaper reports Magna Steyr is expected to launch production of a BMW sports car that will succeed the Z4, in 2018, with a Toyota model to follow some months later. Plans call for combined production of at least 60,000 vehicles per year.
In February, Emil Frey Group took over PSA’s import subsidiaries for Peugeot, Citroen and DS vehicles in Hungary, Croatia and Slovenia. The Swiss car importer and retailer added Czech Republic and Slovakia to its portfolio this month.
Alfa Romeo, Bentley, Buick, Lincoln, Maserati, Mini and Subaru win their first Wards 10 Best Interiors trophies, while Honda, Lexus and Mazda return to the winners’ circle. Thirty-one nominees were evaluated....More