September, although Lada, Renault, Volkswagen and Toyota bucked the downward trend by boosting their sales. Sales fell to 125,568 last month, the Association of European Businesses (AEB) lobby group said on Monday.
Renault-Nissan said this week it will give up the chairmanship of AvtoVAZ, a further sign that its hold on the maker of Lada cars has been weakened by recent tensions over restructuring at a time of collapsing Russian demand for vehicles.
Nicolas Maure, the head of Renault’s Romanian subsidiary Dacia, will replace Bo Andersson as CEO of Russia’s largest automaker AvtoVAZ, a source close to AvtoVAZ shareholders told Reuters.
The Renault-Nissan alliance said Bo Andersson planned to step down as CEO of AvtoVAZ, which builds Lada cars in Russia. AvtoVAZ’s board will meet on March 15 and is expected to announce Andersson’s replacement, the company said in a statement.
Russian new-car sales plunged 29 percent last month, extending a collapse from 2015 that is forcing the government to spend billions of rubles more to support the ailing auto industry.
PSA/Peugeot-Citroen will recall 2,484 Peugeot 4007 crossovers in Russia because of possible problems with their electronics systems, Russian state standards agency Rosstandart said on Tuesday.
Russian new-car sales fell for an eighth successive month in August, underscoring the country’s deepening slide into economic recession, even as a weakening currency encouraged some consumers to spend.
New car sales in Russia fell 27.5 percent year-on-year in July after a 29.7 percent drop in the previous month, the Association of European Businesses (AEB) lobby group said on Monday.
Automakers offers fresh news delivered to your E-mail inbox three times a week, and from January 2006 daily newsletters. All news and Web content is available in both Czech and English languages. The content of the newsletters is details about new products and pricing, info about retail sales tactics and developments and comprehensive coverage from the world of suppliers and manufacturers.More info