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13.10.2008, 06:40

Automakers shape for life in the slower lane

Russia's number two automaker GAZ says it will reverse its sliding market share, as buyers downsize in the credit crunch. The news comes as the head of luxury car manufacturer Audi reveals sales growth in Russia has collapsed.

30.10.2008, 06:03

New cars stuck in limbo as crisis begins to bite

As the credit crisis spreads, car dealers are turning back deliveries of new vehicles. Hundreds of unsold cars line the road to Moscow as Renault Russia claims it has nowhere to put them. Truck drivers are threatening to block the road if the situation is

31.10.2008, 11:56

Car sales crisis hits Russia

The global crisis has had a devastating impact on car sales in Russia and a huge fleet of car transporters is now stuck outside Moscow. The dealer the consignment is intended for is refusing to accept the vehicles saying there is no room to store 500 cars

27.11.2008, 06:19

US car industry runs out of road

The U.S. state of Michigan used to be the throbbing heart of the once-mighty American auto industry and a vital employer. But the current financial crisis has brought this engine of U.S. business near the brink of collapse and some Michigan residents are

Image from pakalert.files.wordpress.com 08.02.2010, 03:19 17 comments

BRIC will rule the world, but not that soon – former WB boss

For 40 years the US was the dominant economic power, but today China and India are emerging and there is a complete change internationally, former World Bank president James Wolfensohn told RT at Davos.

Sergey Mironov 03.02.2010, 15:07 12 comments

Parliament speaker could be dismissed over anti-Putin remarks

Russia’s ruling United Russia party has said they may demand the resignation of the Federation Council speaker Sergey Mironov over his criticism of Prime Minister Vladimir Putin’s policies.

Dmitry Medvedev (AFP Photo / Natalia Kolesnikova) 12.11.2009, 14:36 8 comments

Down-to-earth problems at the core of Medvedev’s second address

On Thursday, Russian President Dmitry Medvedev delivered his second address to the nation’s parliament, The Federal Assembly. He touched on urgent problems society currently faces, and spoke of pragmatic solutions.

RIA Novosti / Vitaly Ankov 12.01.2010, 20:57 6 comments

“Unemployment the biggest problem” – Medvedev

The number of registered unemployed in Russia will reach 2.2 million this year - according to the government's forecast.

President Dmitry Medvedev gives TV interview to Channel One. 11.10.2009, 13:00 4 comments

Russia has “unacceptably high” levels of poverty – Medvedev

“Crisis or no crisis”, Russia’s budget must continue to fund social programs until acceptable standards of living are achieved, President Dmitry Medvedev said during an interview with Russia’s Channel One.

Wen Jiabao (L) and Vladimir Putin take part in a signing ceremony during the Shanghai Cooperation Organisation meeting on October 14, 2009 (AFP Photo / Pool / Minoru Iwasaki) 14.10.2009, 19:30 3 comments

Asian nations gather in Beijing to tackle economic crisis

Leading Asian nations are in Beijing to weigh up how to mutually boost their economies, as well as work out how to combat security threats in the region.

Ford’s plant extends holiday as sales fall

Published: 08 December, 2008, 16:44


Ford’s car plant in the Leningrad region will suspend production for nearly a month over the New Year’s period – giving workers an extended holiday as demand weakens.

 
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