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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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Fleet sales are a very important component of the European automotive market, accounting for more than half of all vehicle sales in some country markets.
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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.
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The automaker is collaborating with Russian scientists who have used multichannel connectivity principles to further develop space robot communications.
Read More →The international automotive business showed positive growth in Europe and the U.S. in July. Western Europe expanded by nearly 9 percent, and growth also continued in the U.S. (up 5 percent). China, by contrast, recorded a fall of almost 6 percent.
Read More →Three large automotive markets supported global automotive growth during the first half of 2015, led by Western Europe, according to research by the German Automobile Industry Association (VDA).
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Global Fleet.com has organized its first two-day regional Fleet Summit in Istanbul in early June to examine in detail the emerging fleet market in Turkey, along with a focus on the markets in neighboring countries.
Read More →General Motors has announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro, and Tahoe.
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Russia's national postal operator will use GAZelle Business CNG vehicles on a trial basis.
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GAZ Group launches sales of GAZon Next medium-duty truck. The new vehicle features a high level of functional capabilities, comfort and economic efficiency, according to the company.
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