Ford’s current level of localization in Russia is estimated at 40%, and the automaker says it intends to raise that share to 83%-85% by 2019. That is significantly higher than the 60% target stipulated in an agreement with the government....More
Amidst Kremlin-inspired anti-American sentiment over the Ukraine crisis and subsequent sanctions, the General Motors Group of Chevrolet, Opel and Cadillac finished both March and the first quarter down 75.5%....More
Predicting a 24% decline from a 2014 result that was off 10% from the prior year, industry spokesman Joerge Schreiber says: “Nobody doubts that there will be a crisis. The question is how severe and long it will last.”...More
“Retail demand has been extraordinary in recent weeks, helped by government subsidies and consumers rushing to get ahead of widely anticipated new-year price increases,” industry spokesman Joerg Schreiber says....More
Last month’s relative improvement resulted from the government scrappage incentive program supporting domestic-vehicle sales and the sharp decline of the ruble raising short-term demand for imported models....More
Perhaps reflecting the growing tensions between the U.S. and Russia over the Ukraine crisis, Ford Focus deliveries plunged 54% in April to 2,549 units. Year-to-date Focus sales retreated 51% from like-2013 to 10,923 units....More
“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
For the 23rd year in a row, top powertrain engineers from around the world gathered to celebrate the winners of the Wards 10 Best Engines competition. Trophies were awarded at a ceremony in Detroit during the North American International Auto Show.
We call out vehicles with problematic fit-and-finish, materials, ergonomics or unfortunate design choices. Each of these items resulted in points deducted as WardsAuto editors selected the 2016 Wards 10 Best Interiors.