Wealthy Russians are clamoring for Teslas that aren’t even available in their country, Bloomberg News is reporting.
Buyers are paying up to double for the electric vehicles, the story reports, which include freight and import fees of more than $60,000 for the cars.
“It doesn’t pollute nature and it’s super cheap and easy to use,” Herman Gref told Bloomberg News in an e-mail.
Super cheap is relative term — even in Russian we hope.
As Russia continues to struggle with its economic health, Hyundai Group is doing its part to keep the nation’s auto sales afloat.
China may be a hotbed for automakers to bring in their latest and greatest, but exports of its automotive wares aren’t as hot these days.
The ongoing economic crisis suffered by Russia has given pause to a decision by BMW to build an assembly plant in the ailing nation.
GM is set to significantly reduce operations in Russia, as the once promising auto market suffers under the weight of economic uncertainty and a difficult regulatory regime.
Sometimes I wish I was the President of the United States. Sure, I might have to be extremely vigilant about what I say in public (“I’m more of a Chevy guy than a Ford guy”), have to give up a good portion of my privacy (Really? You want to see how terrible I am at golf?), cannot drive a car (Great, now I need to learn how to use a trickle charger), and deal with a group of people hell-bent on obstructing my policy. (So you think my plan for requiring a minimum internet speed 100 Mbps is horrendous? Horrendous HOW?)
Amid a weakening, unstable ruble, General Motors will suspend production at its St. Petersburg, Russia plant from mid-March through mid-May 2015.
Despite problems with the Russian market, as well as restructuring costs, General Motors says Vauxhall and Opel are on their way out of the red and into the black.
Last year, Renault-Nissan resurrected Datsun, positioning the brand for emerging markets — like India, Russia and Indonesia — with a portfolio of models that would attract new, young consumers whose wallets were a bit thin.
It’s not quite working out thus far.
A few days ago, we reported the Russian government was considering bringing back its cash for clunkers program to help spur domestic auto sales in the face of Western sanctions. The government as since decided to go forward with the scheme.
Nissan’s emerging-market brand Datsun unveiled its newest addition to its burgeoning lineup at the 2014 Automechanika Moscow show: The mi-DO.
In an effort to combat plunging auto sales, the Russian government is deliberating on a decision to bring back its cash for clunkers program, last seen sending Ladas, Volgas and GAZs to the crusher back in 2010.
Automotive exports from European and American manufacturers may suffer sanctions by Russia in retaliation for more sanctions imposed upon by the European Union and the United States.
Though PSA Peugeot Citroen secured funding in a three-way deal between itself, the French government and Dongfeng, new boss and former Renault COO Carlos Tavares has a hard road ahead of him as he rebuilds the ailing automaker.
With a hatchback and an MPV already rolling out in India and Indonesia, the third Datsun product has been revealed for the Russian market, and it finally completes the missing piece of the puzzle: a three-box sedan.
Recent Comments