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Found 5 results

  1. Ford will exit Russia's passenger car market and focus solely on the light commercial vehicle market says a report from Bloomberg. Alligned with those moves, Ford will cease production in the country at two vehicle assembly plants. Those plants will close by the end of June 2019. Ford produces the Focus, Mondeo, Fiesta, and Ecosport in Russia. These cuts will cause significant job losses for Russia. This move comes after Ford announced as many as 6,000 job cuts in Germany and the UK and cut jobs at a transmission factory in France. Honda, Nissan, and BMW have all recently announced cuts or closures in European operations. Related: View full article
  2. Ford will exit Russia's passenger car market and focus solely on the light commercial vehicle market says a report from Bloomberg. Alligned with those moves, Ford will cease production in the country at two vehicle assembly plants. Those plants will close by the end of June 2019. Ford produces the Focus, Mondeo, Fiesta, and Ecosport in Russia. These cuts will cause significant job losses for Russia. This move comes after Ford announced as many as 6,000 job cuts in Germany and the UK and cut jobs at a transmission factory in France. Honda, Nissan, and BMW have all recently announced cuts or closures in European operations. Related:
  3. General Motors is making some major changes in Russia. The automaker announced today that it will withdraw Opel and mainstream Chevrolet models in December, and focus on the premium segment of the Russian market with Cadillac and iconic Chevrolet models (Camaro, Corvette, and Tahoe). “This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate. This decision avoids significant investment into a market that has very challenging long-term prospects,” said GM President Dan Ammann. GM will still offer parts and service for those who own an Opel and mainstream Chevrolet vehicles. Along with the departure of Opel and certain Chevrolet models, GM will idle its plant in St. Petersburg by the middle of this year. Source: General Motors Press Release is on Page 2 GM to Change Business Model in Russia Focus on Cadillac and iconic Chevrolet vehicles Wind down Opel brand and sale of mainstream Chevrolet cars Idle GM Auto manufacturing facility in St. Petersburg Part of GM’s strategy to ensure long-term sustainability in global markets DETROIT – General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. The Chevrolet brand will minimize its presence in Russia and the Opel brand will leave the market by December 2015. “This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate,” said GM President Dan Ammann. “This decision avoids significant investment into a market that has very challenging long-term prospects.” Opel Group CEO Karl-Thomas Neumann said, “We do not have the appropriate localization level for important vehicles built in Russia and the market environment does not justify a major investment to further localize.” The GM Auto plant in St. Petersburg will halt production by the middle of 2015. GM is planning to idle the plant. Furthermore, the contract assembly of Chevrolet vehicles at GAZ will be discontinued in 2015. The GM-AVTOVAZ joint venture will continue to build and market the current generation Chevrolet NIVA. GM’s global luxury brand Cadillac will be set up for growth in Russia over the next several years as it prepares for numerous product introductions. Chevrolet and Opel will work closely with their dealer networks in Russia to define future steps while ensuring the company will honor its obligations to existing customers in the coming years. “We can assure our customers that we will continue to provide warranty, parts and services for their Chevrolet and Opel vehicles. We want to thank our customers and dealers for their loyalty to the Chevrolet and Opel brands,” said Neumann. “We had to take decisive action in Russia to protect our business. We confirm our outlook to return the European business to profitability in 2016 and stick to our long-term goals as defined in our DRIVE!2022 strategy,” said Neumann. By 2022, the company plans to raise its market share in total Europe to 8 percent and to reach a profit margin of 5 percent. As a result of the decision to change the business model in Russia, GM expects to record net special charges of up to approximately $600 million primarily in the first quarter of 2015. The special charges include sales incentives, dealer restructuring, contract cancellations and severance-related costs. Approximately $200 million of the net special charges will be non-cash expenses.
  4. General Motors is making some major changes in Russia. The automaker announced today that it will withdraw Opel and mainstream Chevrolet models in December, and focus on the premium segment of the Russian market with Cadillac and iconic Chevrolet models (Camaro, Corvette, and Tahoe). “This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate. This decision avoids significant investment into a market that has very challenging long-term prospects,” said GM President Dan Ammann. GM will still offer parts and service for those who own an Opel and mainstream Chevrolet vehicles. Along with the departure of Opel and certain Chevrolet models, GM will idle its plant in St. Petersburg by the middle of this year. Source: General Motors Press Release is on Page 2 GM to Change Business Model in Russia Focus on Cadillac and iconic Chevrolet vehicles Wind down Opel brand and sale of mainstream Chevrolet cars Idle GM Auto manufacturing facility in St. Petersburg Part of GM’s strategy to ensure long-term sustainability in global markets DETROIT – General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. The Chevrolet brand will minimize its presence in Russia and the Opel brand will leave the market by December 2015. “This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate,” said GM President Dan Ammann. “This decision avoids significant investment into a market that has very challenging long-term prospects.” Opel Group CEO Karl-Thomas Neumann said, “We do not have the appropriate localization level for important vehicles built in Russia and the market environment does not justify a major investment to further localize.” The GM Auto plant in St. Petersburg will halt production by the middle of 2015. GM is planning to idle the plant. Furthermore, the contract assembly of Chevrolet vehicles at GAZ will be discontinued in 2015. The GM-AVTOVAZ joint venture will continue to build and market the current generation Chevrolet NIVA. GM’s global luxury brand Cadillac will be set up for growth in Russia over the next several years as it prepares for numerous product introductions. Chevrolet and Opel will work closely with their dealer networks in Russia to define future steps while ensuring the company will honor its obligations to existing customers in the coming years. “We can assure our customers that we will continue to provide warranty, parts and services for their Chevrolet and Opel vehicles. We want to thank our customers and dealers for their loyalty to the Chevrolet and Opel brands,” said Neumann. “We had to take decisive action in Russia to protect our business. We confirm our outlook to return the European business to profitability in 2016 and stick to our long-term goals as defined in our DRIVE!2022 strategy,” said Neumann. By 2022, the company plans to raise its market share in total Europe to 8 percent and to reach a profit margin of 5 percent. As a result of the decision to change the business model in Russia, GM expects to record net special charges of up to approximately $600 million primarily in the first quarter of 2015. The special charges include sales incentives, dealer restructuring, contract cancellations and severance-related costs. Approximately $200 million of the net special charges will be non-cash expenses. View full article
  5. Watching the news brought me via multiple links to this Autoblog story about the Chevy Niva. More pictures here. Chevy Release translated: Chevrolet premieres at the Moscow International Automobile Salon 2014: Tahoe and Niva 08/27/2014 - The world premiere of the concept of a new generation of Chevrolet Niva - European premiere of the Chevrolet Tahoe Moscow . As part of the International Motor Show 2014 will be held on a long-awaited world premiere of the concept Chevrolet Niva a new generation, as well as the European premiere of iconic American SUV Chevrolet Tahoe. In addition to the famous Russian models of the brand, in the course of the exhibition will feature the legendary pickup Silverado, a compact crossover Tracker and sredrazmerny crossover Traverse. Chevrolet Tahoe: rebirth legend Chevrolet Tahoe - this iconic SUV with more than twenty-year history. Its new generation - more elegant, more functional and more secure. The new Tahoe is equipped with a powerful 6.2-liter engine, but due to changes in design, the car has become much easier and acquired better aerodynamics, thus reducing the noise level in the cabin to a minimum. Fully updated lighting fixtures and front grille, it did look Tahoe more "muscular" and at the same time elegant. Changed and interior: he got a completely new instrument panel, 8-inch touch screen multimedia system-board and volume niches that are perfect for storing a laptop or iPad. The main differences of the new model: - Electric power steering - Front and rear disc brakes Duralife ™; - A six-speed automatic transmission Hydra-Matic 6L80; - Folding seats of the second and third row; - Power tailgate with the function of the height adjustment; - Large, 8-inch color touch screen with built-in MyLink, as well as new systems Text-to-Voice and Siri Eyes Free for the iPhone. Safety: Each model Tahoe is offered with seven airbags as standard, including the central airbag (the only model in the segment), and side airbags for thorax and pelvis of the driver and front passenger side impact. In addition, together with the updated model will be available to the following functions: - Seat system Safety Alert, which vibrate to warn the driver of dangerous situations; - Adaptive cruise control with brake assist; - The control system of "blind spots", the system will alert about the potential threat of a frontal collision, and traffic control system bandwidth; - The electronic Vehicle Stability Control (ESC); - Rear-view camera. "Every year, the demand for SUVs. For example, since 2009 in the Russian SUV sales have increased by almost 200%. It is worth noting that in many ways this trend shows a qualitative change in the level and way of life of motorists. Chevrolet, in turn, tries to keep track of such changes on the market and to keep up with the times, - says Alexander Migal, Managing Director of Chevrolet Russia. Currently Chevrolet model line includes a wide range of SUVs and crossovers. Today we are proud to present two vehicles that are the true embodiment of the American character and spirit of Chevrolet ». Home sales of the new Chevrolet Tahoe is scheduled for the first half of 2015. About Chevrolet Founded in 1911 in Detroit brand Chevrolet - one of the largest car brands in the world, with operations in more than 140 countries and selling more than 5 million passenger cars and light trucks a year. Chevrolet provides customers with fuel-efficient vehicles, which combine excellent dynamics, expressive design and high quality.

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