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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. Furthermore, the Volkswagen brand will in future supply 2.0 TDI engines for GAZ light commercial vehicles, opening up new business opportunities in international markets. Supply of Volkswagen 2.0

Russia 186
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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Arrival’s scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles (PBV). Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.

Kia 259
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Cummins to partner with KAMAZ on electrified trucks and buses

Green Car Congress

Currently, KAMAZ, a Russia-based truck manufacturer, is actively developing a new electrified portfolio of battery-powered trucks and buses, while Cummins continues to expand its powertrain portfolio by developing electric power systems (fully electric and hybrid type) for commercial applications. Cummins Inc.

Russia 285
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Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. The new joint venture also announced the Ford Transit medium commercial vehicle will be among several new Ford products to be built by Ford Sollers. —Stephen Odell, chairman and CEO of Ford of Europe.

Russia 199
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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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Westport partners with GAZ Group on new CNG medium-duty vehicle range

Green Car Congress

and GAZ Group, the leader of the Russian commercial vehicles market, signed a multi-year development and supply agreement for a new range of GAZ Group medium-duty compressed natural gas (CNG) commercial vehicles. The first products will be introduced in commercial production in 2014. Westport Innovations Inc.

Russia 199
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IHS Markit says outlook for crude oil prices strengthens through 2021

Green Car Congress

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,