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SOUTH AFRICA

Struggling Russian car giant Avtovaz announces $1.3bn cash drive

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

SOUTH AFRICA

Petersburg design studio develops transparent city bus for FIFA World Cup

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

RUSSIA

Russia's Avtovaz reports net loss

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

FRANCE

Strong Chinese demand to pull global car market: Moody's

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

SOUTH AFRICA

Bigger is better says motor industry

Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.

11 Mar 2013

FRANCE

Renault sells stake in Volvo trucks

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