Posts Tagged ‘automaker faith in Russia’

Allure of Russia Drawing New Investment

Automakers betting on Russian rebound.

by on Oct.09, 2017

Russian President Vladimir Putin, center, listens as Nissan executives discuss plans to add 450 workers to its St. Petersburg plant.

The promise of a modest recovery in the Russian auto market continues to preoccupy car makers in emerging Europe, which are stepping up production and introducing new models to establish a strong position as the market recovers, according to a new analysis from BMI Research.

BMI, a division of the Fitch Group, said in a new analysis that automakers appear to be positioning themselves to capitalize on this with Russia accounting for 16 of the 22 investment projects announced in Emerging European markets – Turkey, Belarus, Czech Republic and Romania – during the third quarter.

Industry News!

Ukraine, where the western-leaning government has been caught up in continuing strife with Russia, attracted only one relatively small automotive-oriented investment even though it is considered one of the most industrialized countries in Eastern Europe.  (more…)