27 Nov 2009, 10:19 UTC · By: Bogdan Popa / French manufacturer Renault, which currently holds 25 percent in AvtoVAZ, will give the Russian automaker a 240 million euro non-cash package that will contribute to the company's efforts of st...
26 Nov 2009, 11:24 UTC · By: Alex Vasile / There’s finally some good news for Russian employees from Ford Motor Company’s Vsevolozshsk assembly plant, as the company announced that it will increase production thanks to government...
24 Nov 2009, 15:12 UTC · By: Daniel Patrascu / The light at the end of the tunnel for Russian carmaker AvtoVAZ is slowly fading away, after Russian Premier Vladimir Putin announced it will idle any rescue plans until after he has a talk with Ren...
24 Nov 2009, 09:44 UTC · By: Bogdan Popa / French carmaker Renault might increase its AvtoVAZ stake in the future, Sergei Chemezov, CEO of state-owned industrial conglomerate Rostekhnologii, said in a statement. Rostekhnologii currently hold...
24 Nov 2009, 09:27 UTC · By: Bogdan Popa / The Russian market is apparently seeing signs of recovery so General Motors is planning to resume Opel Antara SUV production in early 2010. The company decided to suspend operations of the St Peters...
12 Nov 2009, 11:24 UTC · By: Bogdan Popa / As part of the AvtoVAZ restructuring process, the French carmaker Renault will be allowed to increase its stake in the Russian company. Renault currently holds 25 percent of AvtoVAZ and the Russian ...
11 Nov 2009, 08:51 UTC · By: Bogdan Popa / Sberbank, the Russian loser of the huge Opel saga, says the company is still considering a potential lawsuit against the US-based manufacturer General Motors after its decision to scrap the sale pla...
11 Nov 2009, 08:10 UTC · By: Ovidiu Panzariu / Pedro de la Rosa might have to unpack soon and reassess his plans for the future, as his racing seat with Campos Grand Prix next season is currently pending on sponsorship issues. The news was confi...
10 Nov 2009, 15:06 UTC · By: Alex Vasile / The Russian car sales continue in the same trend they’ve acted all year: decreasing 52% in October 2009, in comparison with October 2008, according to Moscow-based Association of European Busi...
10 Nov 2009, 10:05 UTC · By: Bogdan Popa / Even if the Opel deal failed to get through, General Motors is still planning to bring Opel in Russia and who else can support such an expansion goal if not Magna and GAZ? The US-based manufacturer ...
6 Nov 2009, 09:04 UTC · By: Bogdan Popa / GM's decision to cancel the sale of Opel to Magna International not only angered Germany but also Russia whose Prime Minister Vladimir Putin said in a statement that such a behavior perfectly i...
5 Nov 2009, 08:09 UTC · By: Bogdan Popa / Russian Prime Minister Vladimir Putin said in a statement that GM's decision to keep Opel and save the company on its own is not decisive as the General Motors' board is not the one to dec...
4 Nov 2009, 10:55 UTC · By: Bogdan Popa / AvtoVAZ, the Russian carmaker who's now living on the verge of collapse, will receive a new state loan package, this time amounting to 548 billion rubles (approximately $1.88 billion). The Russ...
4 Nov 2009, 08:05 UTC · By: Bogdan Popa / General Motors today announced that it will keep Opel and start restructuring on its own so all negotiations with Magna and Sberbank were only a huge waste of time. Also today, the Canadian - Austri...
4 Nov 2009, 07:25 UTC · By: Bogdan Popa / General Motors' board yesterday held its monthly meeting in which it studied the latest changes in Magna's takeover proposal for Opel. Soon after that, GM's CEO Fritz Henderson steppe...
3 Nov 2009, 07:56 UTC · By: Bogdan Popa / Renault has already expressed its support for AvtoVAZ, the Russian automaker now on the verge of bankruptcy, and company officials today revealed that the French company will also provide money for ...
2 Nov 2009, 09:54 UTC · By: Bogdan Popa / If the deal between Magna and Opel goes through, it might represent a serious threat to Ford's Russian operations, Ford of Europe President John Fleming said in a statement. According to prelim...
28 Oct 2009, 14:21 UTC · By: Daniel Patrascu / The Russian government denied any decision being taken in favor of AvtoVAZ's plan to cut no less than 21,000 jobs in the following years, as an earlier Vedomosti business daily report claimed. ...
28 Oct 2009, 10:42 UTC · By: Daniel Patrascu / The already announced plan Russian carmaker AvtoVAZ has to kill some nearly a quarter of its workforce in the following years seems to have been given the green light from the Russian government, wi...
27 Oct 2009, 08:42 UTC · By: Bogdan Popa / Russian car manufacturer AvtoVAZ, who's now fighting for survival in the domestic market, is awaiting a large payment for approximately 7,000 Lada cars. It appears the company is now looking to...