Steven Seagal may star in TV show on getting free land in Russia's Far EastSociety & Culture May 23, 12:00
SPIEF 2017 participants can look forward to rich cultural and sports programmePress Releases May 23, 11:43
Flags over British embassy in Moscow fly at half-mast for Manchester blast victimsWorld May 23, 11:39
Putin offers condolences to UK over terror attack in ManchesterRussian Politics & Diplomacy May 23, 10:10
Islamic State claims responsibility for Manchester terror attackWorld May 23, 9:30
Police say death toll in Manchester Arena explosion reaches 22World May 23, 9:18
Hollywood actor Steven Seagal to get free land in Russia's Far EastSociety & Culture May 23, 9:06
Ariana Grande tweets she is 'broken' over blast following her concert at Manchester ArenaWorld May 23, 8:03
British PM to chair meeting of emergency response committee after Manchester blastWorld May 23, 7:53
ST. PETERSBURG, June 18. /TASS/. The Russia's car market is going through tough times and will decline by around 30%, Chief Executive Officer of Volkswagen Group Rus Marcus Osegowitsch told TASS at the St. Petersburg International Economic Forum (SPIEF) on Thursday.
"The AEB forecast of 25% is too positive, it will be worse," Osegowitsch said. "The whole market is running at minus 38-40% for the first five months, but it will not continue", he said adding that in overall his forecast is "around 30%."
TASS reported earlier German automaker Volkswagen is planning to launch a new car Volkswagen Polo Sedan, Volkswagen Group Rus reported on Wednesday.
"The Volkswagen brand is planning to launch the new Polo Sedan, the official launch date will be announced later," the press service said. According to a source close to the production, the first new Polo cars may come down from the conveyor at the Kaluga plant this month.
The Volkswagen plant has placed its production in Kaluga, in the Grabtsevo industrial park. The plant manufactures Volkswagen Tiguan, and Skoda Rapid, as well as the Polo Sedan. The plants' production capacity is 225,000 cars per year and employs approximately 5,000 workers.