“The long-awaited flattening of year-on-year sales trend has yet to happen,” an industry spokesman says. “We hope December will show progress in this direction, and deliver a decent close to an otherwise difficult year.”...More
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....More
Improving purchasing procedures and the quality of parts sourced from Russian-owned suppliers, as well as increasing parts localization, are among the main tasks of the alliance’s partnership with AvtoVAZ....More
Industry official Joerg Schreiber says there are indications the rate of decline peaked in the second quarter, and “a gradual improvement to the point of stabilization in the coming months” can be expected....More
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