The downturn caused by weakening ruble in Russia gains momentum. Dealers stopping sales of cars are now followed by car manufacturers who have halted car shipments. BMW warned dealers about the need to pay for ordered vehicles in two days, Vedomosti reports.On December 19, despite rise of car prices by 15% in November, shipments of Jaguar Land Rover and Audi cars stops until stabilization of ruble prices.Assemblying of Ford, Peugeot, Citroen, Mitsubishi and Renault cars stops. Volkswagen may be shut down next week. Kaliningrad Avtotor may and GM in Saint Petersburg may close after the holidays, Izvestia reports.The process may be followed with mass redundancies. Workers of car factories plan protests.
The downturn caused by weakening ruble in Russia gains momentum. Dealers stopping sales of cars are now followed by car manufacturers who have halted car shipments. BMW warned dealers about the need to pay for ordered vehicles in two days, Vedomosti reports.
On December 19, despite a rise of car prices by 15% in November, shipments of Jaguar Land Rover and Audi cars stops until stabilization of ruble prices.
Assembly of Ford, Peugeot, Citroen, Mitsubishi and Renault cars stops. Volkswagen may be shut down next week. Kaliningrad Avtotor may and GM in Saint Petersburg may close after the holidays, Izvestia reports.
The process may be followed with mass redundancies. Workers of the car factories plan protests.
