Renault’s Russia Crisis Might Finally Force Nissan Alliance Action. “Renault is reversing out of Russia, with a €2.2 billion dent in its bonnet” If Renault is forced to hand its Russian assets back to the Putin government this wouldn’t necessarily be a crippling financial blow, but it badly needs to find a partner for an […]
Tag Archives | Russia
Rosy European Auto Sales Scenarios Ditched After Russia/Ukraine Panic
Rosy European Auto Sales Scenarios Ditched After Russia/Ukraine Panic. “electric car sales are expected to remain strong, which is another way of saying this is a high-end market unrelated to normal people’s everyday needs” Experts are ripping up their automotive sales forecasts as hopeful and improved scenarios helped by the fading coronavirus pandemic are being […]
Renault Shares Pummelled Again As Its Russian Operation Threatens Recovery Plan
Renault Shares Pummelled Again As Its Russian Operation Threatens Recovery Plan. “Renault’s exposure to Russia remains the highest in Fitch’s portfolio of European auto and auto-supplier issuers” Renault’s recovery plan is being undermined by fears its Russian operation could generate big losses, according to Fitch Ratings, which said the extent of the impact of sanctions […]
GM Withdraws Opel From Russia
GM Withdraws Opel From Russia. Most Other Manufacturers Hang On, Hoping For Fairer Weather. Cut your losses and take a big write-off, or hang on in there, take market share from those retreating, and hope to cash in when the market recovers? That’s the dilemma facing auto manufacturers in Russia. General Motors has decided to […]
Renault Prospects In Russia Worry One Investor
Renault Prospects In Russia Worry One Investor. “Russia …….. will lose hundreds of millions of euros in 2015” Renault investors have been impressed by its recovery, but one analyst is puzzled by how the company has managed to shrug off losses in Russia, with the promise of torrents of red ink to come. Max Warburton […]
Renault Profit Hopes, Despite Russian Hangover
Renault profit hopes – New Models, Cost Cutting, Dacia Underline Positive Outlook. “good prospects for further profitability uptick that would narrow the margin gap with Renault’s global competitors” Renault’s share price has been on the slide this year, as befits the number one investor in Russia’s car industry, but investors are still impressed with the […]
Ford Europe Expects Relief From Russia Sales Pressure In 2015
“In Europe it has been a stagnant, slow recovery, definitely slower than we thought” Ford Europe said it had to defer its break-even target and almost halve its profit outlook because of problems in Russia, and the market here failing to recover as quickly as expected. But the Russian market should bottom out in 2015, […]
Russia Will Have To Wait For Its Place In The Automotive Sun
“No sign of a recovery, as Russia struggles with an ailing economy, rising inflation and a volatile currency. Ukraine and the harsher sanctions imposed by the E.U. and U.S. adding to the pressure” Russia was supposed to be the next big thing for car makers, but recent sanctions because of problems in Ukraine, and the […]
Russia, China, Slowing Economy Threaten Europe Sales Rally
“Germany is not the locomotive anymore pulling the European economy behind it and this is really a potential risk to car sales”. Western Europe’s car market was heading for a slow but steady recovery as sales finally hit rock bottom last year after the great recession, but evidence is mounting that even this unspectacular recovery […]
Ford Europe Hopes Russia Spat Won’t Hamper Business.
At Least Ford Doesn’t Export Cars From Former Soviet Union. GENEVA, Switzerland – Ford of Europe, which has factories in Russia, hopes business there won’t be jeopardized by the spat between Russia and Ukraine. In an interview at the Geneva car show, Ford of Europe’s chief operating officer Barb Samardzich said its factory in St […]