Russia's leading automotive producers showed off their latest hardware at the Interauto-2009 Moscow expo. But all the talk was about the fate of 3 motor companies that might gain a new badge - Rosauto.
“We really want to continue this legacy and we have the energy of our grandfathers, who built unbelievable things, and we can restore what needs to be restored,” says designer Vladimir Pirozhkov to RT.
Foreign direct investment into Russia in 1H 2009 plummeted 45% year on year to $6.1 billion, with overall foreign investment, including loans and securities flows down 30.9 % to $32.2 billion according to Rosstat data.
As the world’s largest producer of gas, and one of the worlds major producers of oil and coal, Russia isn’t generally seen as being at the forefront of the global thrust towards greater use of renewable energy sources.
A tie-up between carmaker, Avtovaz, and truck producing counterpart, Kamaz, could be on the cards. The markets have initially reacted well to the news, but not everyone is convinced about a new united company.
Sovereign wealth funds will soon start taking a more active role in companies they invest in, according to the Head of Sovereign advisory for State Street Global Markets, Andrew Rozanov, speaking with RT.