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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. TDI engines for GAZ light commercial vehicles, opening up new business opportunities in international markets. Petersburg and other major cities in Russia as well as some export markets.

Russia 186
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Automotive sales in Russia in 2015 down 35.7%

Green Car Congress

Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia. Expectations for the new year are muted.

Russia 150
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Daimler and GAZ partner on Sprinter production in Russia

Green Car Congress

Daimler and the Russian commercial vehicle manufacturer GAZ signed a memorandum of understanding in Nizhny Novgorod, Russia with the aim of producing Mercedes-Benz Sprinter vans in Russia. Gorky Automobile Plant (GAZ) is Russia’s largest producer of commercial vehicles of 2.8t

Russia 186
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Ford and Sollers sign MoU to establish a JV in Russia

Green Car Congress

Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Ford began producing cars in Russia in 2002. Earlier post.).

Russia 186
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Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

The goal of the strategic alliance is to bundle the expertise of both car manufacturers with a view to jointly developing vehicle components and possibly also vehicle concepts. Tata Motors Limited is India’s largest automobile company, with consolidated revenues of US$41.6 will be examined and defined in detail over the coming months.

Motor 150
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

The plan focuses on securing Hyundai’s leadership in the vehicle electrification, expansion of hydrogen industry ecosystem and self-driving commercialization, as well as the progressive expansion of its mobility services businesses. based venture to be jointly established with Aptiv, targeting the commercialization of the technology in 2023.

Hyundai 284
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FCA proposes 50:50 merger with Groupe Renault

Green Car Congress

Fiat Chrysler Automobiles N.V. Groupe Renault has a strong presence across Europe, Russia, Africa and Middle East, while FCA is uniquely positioned in the high margin segments in North America and is a market leader in Latin America. The combined business would sell approximately 8.7 million vehicles annually.