Russian-Syrian checkpoint opens in Eastern Goutha de-escalation zoneWorld July 25, 8:17
Russian-Chinese naval drills in Baltic Sea to enter active phaseMilitary & Defense July 25, 7:59
Putin to meet with Iraq’s vice-presidentRussian Politics & Diplomacy July 25, 6:49
Russian super-heavy booster vehicle to bring payloads of 70 tns to orbitScience & Space July 25, 5:34
New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished by mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
MOSCOW, December 2. /TASS/. Tatarstan-based car building plant Ford Sollers-Naberezhniye Chelny is launching batch production of Ford EcoSport cars.
Prime Minister Dmitry Medvedev will attend an opening ceremony of launching batch production of Ford EcoSport cars in Naberezhniye Chelny.
The Ford Sollers joint venture produces, imports and sells vehicles, produced by the US Ford car producer, on the Russian market. The Ford EcoSport production was launched under difficult conditions the Ford company confronted in Russia: the trade volume has dropped 42% on the shrinking Russian car market which had narrowed by 13% over the three quarters of the outgoing year to 1.8 million cars, or 44,900 cars down the previous trade volume.
At present, the Ford Sollers joint venture has been building Ford EcoSport cars for exports to Kazakhstan to compensate for former imports of Ford-built cars to Kazakhstan from from Germany.
A negative tendency continues on the Russian car market since the end of 2012. Car trade has been increasingly declining since March because of a difficult geopolitical situation and the devaluation of the Russian ruble. Over the past ten months car trade in the Russian Federation dropped by 12.7% against the same period last year; in October alone it dropped by 9.9%
Officials from the Russian industry and trade ministry have warned that the devaluation of the Russian ruble is fraught with serious risks to the Russian car market. The ministry jointly with car producers has been developing measures of support to the Russian car producers in 2015, said Minister of Industry and Trade Denis Manturov.