Russia's biggest carmaker Avtovaz on Monday announced that it is looking to raise some $1.3 billion as it struggles to battle back from slumping sales...
6 Sep 2016
A St Petersburg design studio, Petersburg Studio Oneione, has designed a transparent plastic bus that will offer visitors unparalleled viewing of the city during the FIFA World Cup in 2018...
19 Aug 2016
NEWSWATCH: Sacked Top Gear presenter Jeremy Clarkson has been invited to Russia to present a motoring show there, and Piers Morgan (who has also had a Clarkson klap) has some advice for the motor mouthpiece...
27 Mar 2015
MOSCOW, RUSSIA: Russia's leading car manufacturer, Avtovaz reversed into a net loss last year because of a sales slump on the Russian market, the company reported last week.
31 Mar 2014
PARIS, FRANCE: Global car sales will grow by 4.8% next year pulled by unexpectedly strong demand in China, the credit rating agency Moody's forecast on Wednesday (4 September).
6 Sep 2013
Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.
11 Mar 2013
PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.
14 Dec 2012
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010
NUREMBURG, GERMANY: Germans prefer to buy used, rather than new cars: a comparative study of the European car market in the aftermath of the scrappage scheme. The findings are contained in the 2010 GfK Consumption Trend Sensor survey conducted by the GfK Association.
5 Oct 2010
STOCKHOLM, SWEDEN: Swedish car manufacturer Volvo has always relied on its image for quality manufacturing and efficient design. Other car marques are well known for possessing a fun streak, such as Honda, Toyota or Mazda, which is a necessary brand ingredient in attracting the younger market.
4 Aug 2010