February 10, 2014 15:17
New car, LCV sales in Russia down 6% in Jan - AEB (Part 2)
MOSCOW. Feb 10 (Interfax) - Sales of new cars and light commercial vehicles (LCV) in Russia were down 6% year-on-year in January at 152,662 vehicles, the Automobile Manufacturers Committee of the Association of European Businesses (AEB) said.
"January sales turned out weaker than many had hoped for - not a complete surprise however following a strong December which saw a pull-ahead of credit-backed sales due to the run-out of the government subsidy. January is small volume though, and therefore not a serious indicator for anything. February result will provide a better clue to where the market is headed this year. Current pace of contracting is quite encouraging all around, so we maintain our short-term expectation for the market to stabilize," said Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee.
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RUSSIA AND FSU GENERAL NEWS
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LPR negotiator accuses Kyiv of inability to control armed forces (Part 2)
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LPR negotiator accuses Kyiv of inability to control armed forces
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Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.