Prime Minister Yatsenyuk predicts economic growth of Ukraine no earlier than in 2016. He said this at a press conference. Also Yatsenyuk believes that the new government will stand before the 5 tasks, the main ones are national security, defense and military-industrial complex. Furthermore Premie... Read more

The primary market of vehicles with mileage grew in October. According to the association "Ukrautoprom", there were sold 6 223  vehicles last month, which is 7% higher than in September and 3.5 times higher than in October 2013.   At the same time, the market of used cars showed rel... Read more

Deliveries of passenger cars in Russia for 9 months 2014 totaled 537,900 vehicles, totaling $ 10.47 billion against 669,900 units at $ 12.75 billion the previous year (a decrease in quantitative terms by 19.7%), according to the Federal Customs service (FCS). The imports of cars from foreign countr... Read more

Volkswagen will shorten the life of the models from 7 to 5 years. Acceleration of the update cycle of vehicles was decided in connection with the rapidly changing requirements of customers, according to "Autoexpress."   Under the new plan, each model will be restyled in three years... Read more

French automaker Renault has opened its own factory in Algeria as it's the largest African state. Thus, the company intends to fight with the weakness of the European car market by focusing on areas previously considered peripheral, in particular in Africa.   Renault also opened a factory in... Read more