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Volkswagen and Toyota stop production of vehicles in Russia

Green Car Congress

Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect.

Russia 284
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Toyota Motor Europe’s market share climbs to record 7.5% in first 9 months; Toyota brand 66% electrified sales, Lexus 79%

Green Car Congress

Toyota Motor Europe (TME) reported sales of 813,547 Toyota and Lexus vehicles, a decrease of -6% year-on-year but still outperforming the European automotive market which fell by -16% over the same period. TME’s market share increased to a record 7.5%, marking an increase of +0.8%

Lexus 297
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Ford suspending JV operations in Russia

Green Car Congress

Ford announced that it is suspending JV operations in Russia, effective immediately, until further notice. In recent years, Ford has significantly wound down its Russian operations, which now focus exclusively on commercial van manufacturing and Russian sales through a minority interest in the Sollers Ford joint venture.

Russia 283
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Nissan to begin production of Pathfinder hybrid in Russia; importance of Russian market

Green Car Congress

Nissan launched its Pathfinder range in the Russian market at the Moscow Motor Show. Nissan’s all-new fourth-generation Pathfinder—which will be built in Russia—will be available with a standard 3.5L liter gasoline engine and an electric motor paired with a compact Li-ion battery. Earlier post.)

Russia 300
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Mitsubishi plug-in hybrid Outlander going on sale in Russia in September

Green Car Congress

At the Moscow International Automobile Salon 2014, Mitsubishi presented its four-wheel drive SUV plug-in hybrid electric vehicle (PHEV), the Outlander PHEV ( earlier post ); sales of the Outlander PHEV will start in Russia from September, 2014. Sales figures from EV Sales.).

Russia 225
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GM scaling back in Russia; Opel out by December, Chevy to minimize presence

Green Car Congress

General Motors announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and US-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. This decision avoids significant investment into a market that has very challenging long-term prospects.

Russia 150
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Hyundai Motor Strategy 2025 lays out transition into smart mobility solution provider

Green Car Congress

Hyundai Motor Company announced a new roadmap—Strategy 2025—intended to secure its position as a frontrunner in the future mobility industry. Hyundai Motor will develop an Urban Air Mobility (UAM) platform business by combining Personal Air Vehicle (PAV) and mobility services. To this end, Hyundai will earmark KRW 61.1

Hyundai 243