The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info


Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info


How many new cars will be sold in Russia?
  • 14.05.20 How many new cars will be sold in Russia?

    In the framework of the last online conference “AUTOSTAT Analytic Day: Car Market Forecast 2020 under uncertainty”, the experts shared their views on the development of the new passenger car market in Russia. According to the director of the analytical agency AUTOSTAT, Sergey Tselikov, this year the market of new cars in Russia may fall by 30-50%, depending on the development scenarios.



Skoda summed up the financial results for 2018


Skoda Auto, which in 2018 set a new sales record, got a revenue of 17.3 billion euros (+ 4.4%), which was the best result in the company's history. Operating profit, which amounted to 1.4 billion Euros (-12.5%), and profitability by sales, which reached 8.0%, remained at a high level. In addition, the profitability of investments amounted to 26.3%, informed the press service of the Czech brand.

In 2018, Skoda Auto increased investment in tangible assets by more than 22%. These funds were used to create new products, battery technology and electric drive, as well as the further development of enterprises. The Czech brand has invested more than 500 million Euros in the modernization of plants in the Czech Republic. Research and development costs grew by 46.8% in compare with the previous year.

As the chairman of the Skoda Auto board of directors, Bernhard Mayer, said, the company took responsibility for several key areas of the Volkswagen Group concern, for example, the regional management of the markets of India and Russia, the development and production of the family of Volkswagen Passat models at the Kvasiny plant, and the expansion of production capacities at the Skoda Auto enterprise, where models of several brands are produced.

“Thanks to our active pricing and sales policy, as well as constant cost optimization, Skoda Auto remains the consistently successful and profitable company, even in a difficult economic situation. In 2019, we will face even greater difficulties, especially in several key markets. In the near future, we will continue to increase the number of electric vehicles in our product portfolio, invest in new transport solutions and make the company even more international, ” - said Klaus-Dieter Schurmann, CFO of Skoda Auto.

In 2018, the Czech brand invested over 500 million Euros in the development of its plants in the Czech Republic, including the construction of more productive data centers and a new paint shop in Mlada Boleslav. In addition, Skoda has launched the largest investment program in its history. For the next four years, more than 2 billion Euros will be directed to the development of electric vehicles and new transport services. The start of production of electric vehicles will be held in 2019. By the end of 2022, the Czech brand will introduce over 30 new models, 10 of which will have a hybrid or all-electric powerplant.

22.03.19 AUTOSTAT
Source: www.autostat.ru