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
-
GM’s Mobility Vision
1. Zero crashes 2. Zero emissions 3. Zero congestion This vision leaves out a very important element: economics.
-
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.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.