The European Commission wants the World Trade Organization to rule on the legality of Russia's recycling fee levied on imported cars, which the European Union's executive arm claims is discriminatory....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
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....More
Domestic brands are being outsold by joint-venture vehicles manufactured in China. But industry representative Dong Yang believes markets below the top tier of cities may offer local makes a second chance....More
While growth is seen slowing in Russia and other major emerging markets such as China, it is buoyant compared with the 5-year slump in Western Europe sales, or the decade of decline Japan suffered....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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