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Automotive
GAZ Finance covered the 10th coupon on the primary issue of the bonds released in the volume of 5bn rub. 151.575mln rub. were transferred to the investors. The 10th coupon rate is set at 18% ann. The issue (5mln bonds) was placed through the open offering on MICEX for 5 ...
In January 2011, car sales of AvtoVAZ totaled 35 540 LADA cars which is two times as much as in the same period of 2009. Export totaled 2620 cars. In January 2011, car sales totaled 38 160 LADA cars. LADA car sales by the family were as follows: - LADA ...
At the end of November 2010 the manufacture of all versions of Polo Sedan was launched at Volkswagen Group Rus in Kaluga. A reliable international carrier is required to deliver spare parts for the new vehicles. The activity of the whole plant depends on the carrier's operational activities. SANNA has ...
According to last year's results, OJSC KAMAZ greatly pushed up its sales, especially in Ukraine and Kazakhstan. Foreign Trade Company of OJSC KAMAZ sold about half a thousand vehicles in Ukraine during 2010. The enterprise again proved that trucks it produces are the most popular heavy vehicles in Ukraine. Besides, ...
Group of Companies SOLLERS, official manufacturer, importer and distributor of FIAT, announces that, on February 1, 2011 the retail price on all passenger and commercial vehicles of FIAT assembled in Russia will be reduced. The program will run until the end of April this year supported by SOLLERS and the ...
Sollers has announces that the company launched the batch production of a new crossover SsangYong New Actyon in Sollers-Far East. New Actyon is the first crossover SsangYong with the integrated body and all-wheel-drive system which is meant to bring the Korean brand on the most fast-growing market of urban compact ...
FFMS has registered the additional share issue and prospectus of commons stocks of Avtovaz (Togliatti) placed by private offering. According to the decision, the company is issuing 434 173 411 stocks at 5 roubles par value each. Total volume of additional share issue is 2 170 867 055 roubles. The ...
In 2011 JV plans to produce about 52 thousands of Chevrolet NIVA vehicles. Effective January 17th GM-AVTOVAZ increases daily production volume of Chevrolet NIVA up to 224 units (+28). It turned to be possible due to the resumption of the second shift starting from September 21st, 2010. At the moment ...
On January 17, 2011 Daimler AG and KAMAZ signed a protocol of intentions on cooperation in axle production. Dailmer AG and KAMAZ have announced about the next stage of their partnership. The protocol of intentions combines the effort of the two companies in local production of truck axles. The investments ...
Russia's state road-building company Avtodor plans to hold an international tender in February 2011 to choose long-term operators of M4 Don toll road sections. Avtodor also plans to attract operators of toll road sections via an international tender. The company has already applied to 12 largest European companies, including enterprises ...
In the eleven-month period of 2010, AvtoVAZ car sales totaled 467 550 Lada cars, which is 45.3% as much as in the same period of 2009. The company's car sales totaled 194 424 cars under vehicle scrappage program in the reported period. In November 2010, car sales in domestic market ...
Russian vehicle maker GAZ Group and German car giant Daimler AG plan to invest more than 120 million euros in the production of Mercedes vans in Russia, while the group's management has requested the government to provide exclusive benefits for the project. GAZ Group and Daimler AG have worked out ...
Japan's Nissan may buy 10 percent of Russia's largest car maker AvtoVAZ in the first or second quarter of 2011 with cash. Russian Technologies will sell four percent of its shares, and Troika Dialog will sell another six percent. The deal will take place in spring. Troika Dialog, the Renault-Nissan ...
On November 17, 2010 Scania officially launched a new automotive plant in Saint-Petersburg. Investments into the construction project totaled 10 mln Euro. The plant is designed for the annual assembly of 6500 cars. However, the automotive plant plans to assemble not more than 3000 cars in 2011. The company is ...
Revenue of AvtoVAZ calculated under RAS totaled 95.434 bn roubles in the nine-month period of 2010, which is 57% as much as in the same period of 2009 (60.803 bn roubles). Rise in car sales revenue by 51.35% stimulated growth in revenues as the share of this type of activity ...
The Russian Trade and Industry Ministry has included the Peugeot 4007, Citroen C-Crosser and Mitsubishi Outlander off-roaders produced at a local Peugeot-Citroen (PSA) plant in the list of cars available under a state-backed cash-for-clunkers' program. The government spent 11 billion roubles on the first stage of the program, which ran ...
KamAZ saw truck sales calculated to Russian accounting standards rise 30.6 percent year on year to 50.3 billion roubles ($1.67 billion) in January to September this year. Net losses were 598 million roubles for the period, versus 4.3 billion roubles for last year. The increase in revenue has been driven ...
The Renault-Nissan alliance will bring its stake in the Russian carmaker Avtovaz up to a controlling one in the next two to three years. The first stage of Avtovaz's additional share issue is already underway and expected to be completed next year, when the second stage will be launched. In ...
The main assembly line of KAMAZ maintained the stable production at 180 vehicle sets daily during October 2010. As a result, the plant overfulfilled the October assembly plan by more than 200 units. All in all, the plant manufactured 3670 vehicle sets (compared to 2258 units October 2009, +62.5%). KAMAZ-Diesel ...
On October 28, 2010 Magna International opened the plant in Kaluga for manufacturing component parts. The plant will have the production capacity of 200 000 component parts annually. Investments into the construction and plans on the volume of production have not been disclosed yet. The plant with the production facilities ...
In the third quarter of 2010, the net loss of KAMAZ under RAS totald 474.087 mln roubles against the net profit of 112.128 mln roubles in the second quarter of 2010. The loss in the third quarter can be explained by the decline in operating profit and currency differencies. In ...
Avtovaz's net profit under RAS amounted to RUB 622m (approx. USD 20.58m) in the first nine months of 2010. The announced figure is only an approximation, and the company expects its net profit to reach RUB 1bn (approx. USD 33m) in 2010. Paper profit under IFRS is also expected to ...
KAMAZ opened the first assembly plant in Khabarovsk in Russia to manufacture automobiles and special vehicles. The new plant KAMAZ-Vostok currently rents about 600 sq m of space in one of the machine building plants in the Far East designed for the production of 200-250 cars annually. The business project ...
Neftekamsky Automobile Plant (NEFAZ, a subsidiary of KAMAZ) manufactured the products worth 4339 mln roubles in the nine-month period of 2010, which is 34.9% as much as in the same period of 2009. The company shipped the products to the customer and provided the services to the amount of 4254 ...
Nokian Tyres, which reduced sales in Russia by 55% in 2009, is going to increase the tyre production in Vsevolozhsk by one third in 2011. In future, the company is going to double the production up to 15 mln products annually. By 2015, Nokian Tyres plans to sell half of ...
GM Uzbekistan is among top ten carmakers in Russia in terms of the best-selling cars in January-September 2010. The company ranks the eighth in the rating. The Asaka automotive plant's car sales totaled 54 564 cars in Russia (+40%, 38 960 cars). The plant's sales increased by 83% in terms ...
The net profit of Avtovaz group under IFRS amounted to RUB 3.1bn (approx. USD 102m) in the first six months of 2010 compared to a net loss of RUB 19.6bn (approx. USD 643m) in the corresponding period of the previous year. The group's financial performance is comprised of Avtovaz's net ...
On September 30, 2010 the first truck Mercedes-Benz was assembled in Russia. The first truck assembled by Mercedes-Benz Trucks Vostok in Naberezhniye Chelny is the brand's flagship in international market, Mercedes-Benz Actros 1841 LS. Mercedes-Benz Trucks Vostok is a joint venture between Daimler AG and KAMAZ which started its work ...
On October 2, 2010 Mr. Vladimir Yakunin, President of Russian Railways (RZD), and Mr. Segrey Kogogin, director general of KAMAZ, signed an agreement on cooperation. RZD uses wide range of chassis-based equipment manufactured by KAMAZ. The agreement on cooperation, which was signed between RZD and KAMAZ, is the first step ...
NYK Logistics (UK) Ltd has been awarded a contract by Nissan Motor Manufacturing (UK) Ltd. NYK has been appointed to provide inbound logistics services to its manufacturing facility in Sunderland, to support production of the Micra, Note and Qashqai. NYK Logistics is responsible for the delivery of nearly 800 different ...
