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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

Analytics

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

Infographics

Dynamics of car sales by segments in April of 2019

News

Sberbank demands compensation from GM for Opel transaction failure

The Russian Sberbank suggested that the company General Motors should compensate voluntary costs for transaction registration about Opel purchase, German Gref, the chairman of board of Sberbank said. If the offer is not accepted then the bank will insist on compensation in judicial order, Auto. Lenta. Ru writes.
German Gref informed in the interview to the television channel Vesti that Sberbank incurred serious expenses. As he said, for nine months of negotiations 9 thousand pages of the contract have been made but two days prior to prospective signing of the agreement GM suddenly refused the transaction and did not give sufficient explanations.
In November Chris Gubbey, the president of GM in Russia and CIS said that the company did not break any obligations before partners. There were no sanctions in case of transaction rupture in the agreement between GM, Magna and Sberbank, German Gref told to the newspaper "Vedomosti" but lawyers think that there is possibility to receive compensation. He did not tell what sum Sberbank wait for but earlier Magna representatives acting as the bank partner did not exclude that they will demand from GM about 100 million euro for transaction failure. I hope, we can agree peacefully, Mr. Gref remarked.
If the transaction was closed under the Anglo-Saxon right (operates in the USA) then signing of the preliminary agreement does not impose obligation to conclude the bargain on parties that means there is nothing to demand, lawyers explain. However if it was closed under the European right then it is possible to insist on compensation of the expenses connected with preparation of purchase (services of lawyers, advisers etc.) but in case with Opel sale it is 10 million euro maximum, experts estimate.

28.12.09
Source: АВТОСТАТ