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18 May
14:54

Russian carmakers reduce output due to low demand

Carmakers in Russia reduced output in the first quarter as consumer demand for new cars remained low, shows data from analytical company ASM. In January-March the enterprises produced 356,842 cars, trucks and buses, down by -14.8% on-year, Kallanish notes. According to the report, the share of foreign cars in the output of all passenger cars in Russia amounted to 73.2%. Kaliningrad Avtotor plant plans to reduce car production in 2020 by an average of -40%, the co…
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