Mexican Media Brands
Ghosn: Russian Auto Market Will Shrink by One-Third
Renault-Nissan alliance CEO Carlos Ghosn tells Bloomberg Television that further contraction of the Russian car market this year could cut sales volume by about 33% from a peak in 2012.
#economics
Share
Renault-Nissan alliance CEO Carlos Ghosn tells Bloomberg Television that further contraction of the Russian car market this year could cut sales volume by about 33% from a peak in 2012.
Russian demand for new passenger cars and light-duty commercial vehicles climbed 11% to 2.94 million in 2012. Analysts predicted the market there would surpass Germany by this year. Instead, sales fell 5% to 2.78 million in 2013 and 10% to 2.49 million last year, according to the Moscow-based Assn. of European Businesses.
The AEB has cautioned that the weak ruble, falling petroleum prices and threat of economic recession could shrink Russia's car market 24% to about 1.9 million units in 2015.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.