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The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.
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Labor Day gas prices hit their lowest point in five years, rounding out a record-low summer for fuel.
Read More →GAZ Group, a company of Basic Element, one of Russia’s largest diversified industrial groups, has launched the GAZelle Next with a diesel engine with increased power and torque.
Read More →Electric Vehicle Technologies has produced an electric traction motor that could open the door to broader development of electric vehicles within Russia.
Read More →Fifth Wheel Management Company, founded in the summer of 2003 specializes in a variety of services for car fleet management in Russia.
Read More →The 88th State of the Fleet Industry video takes a deeper look at the impact the war in Ukraine is having on the global fleet industry.
Read More →RosZimDor, the Russian Association of Winter Road Maintenance, has announced a drive towards a federal set of standards and regulations of anti-icing materials, the way they are used, and how they are developed nationwide.
Read More →WASHINGTON, D.C. --- Energy analysts are identifying the ongoing controversy over Iran's nuclear program as the wild card in this year's oil market, according to Bloomberg.
Read More →Russian President Vladimir Putin has contracted with Porsche to provide designs for a new "family of vehicles" dubbed "Project Cortege" for top officials.
Read More →The tech giant hopes to expand its autonomous testing into the U.S. A Yandex autonomous prototype now costs $6.5 million rubles ($98,000), down from the first prototype cost of $9.5 million.
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