Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
Rosneft CEO reveals real meaning of oil price war, outlines Russia’s role in itBusiness & Economy October 21, 19:11
New sanctions against Russia will be an alibi, not constraining factor — Italy’s PMWorld October 21, 19:05
SOCHI, October 12. /TASS/. Russia’s biggest truck manufacturer KamAZ forecasts a 30-percent drop in truck sales in Russia in 2014, KamAZ CEO Sergei Kogogin told TASS on Sunday.
Overall sales of KamAZ truck in Russia are expected to reach 41,000 in 2014. In 2013, KamAZ sold on the domestic and foreign markets a total of 43,800 vehicles. This year, its aggregate sales may drop by 6.4%
In its 2013 report, the company forecasted a two-percent decrease in its truck sales in 2014, to 43,000 vehicles.
When asked about forecasts for the truck market in general, Kogogin said that this market might “slump by 30%, if not more.” He said that truck sales may be influenced by the industry and trade ministry’s programme for auto scrapping but it would take a closer look at.
KamAZ ranks 16th among the world’s leading heavy duty truck manufacturers and eighth in terms of the production of diesel engines. The group’s technological chain is comprised of 11 big automotive works and auxiliary units. KamAZ’s biggest stock holder is State Corporation Rostec, which controls 49.9% of shares. Other shareholders include Cyprus-registered Avtoinvest limited (20.81% of shares) and Cyprus’ Decodelement Services Limited (2.73%). Both offshore companies represent the interest of the Troika Dialog company. Among stockholders also are Germany’s Daimler (11%), U.S.’s KAMAZ International Management (4.25%), the European Bank for Reconstruction and Development (EBRD, fourt percent), and KamAZ Financial and Leasing Company.