Articles by Alexei Nepomnyashchy



Investigators Say IzhAvto Owners Stole Assets

The Interior Ministry's Investigative Committee is searching for the principal owner of Sok Group, Yury Kachmazov, and several executives from Sok and IzhAvto over the theft of 6.7 billion rubles ($230 million) in assets from the factory, which was bankrupted in September 2009.

Mazda Plans Automobile Assembly in Far East

Mazda plans to begin assembly of its cars in Primorye, the region's government announced, making it the first foreign car manufacturer to start a production facility after the crisis.

Putin's Ride Boosts Ripe-Lemon Kalina Sales

AvtoVAZ is starting production of a bright yellow Lada Kalina Sport Ч just like the one Prime Minister Vladimir Putin used for his road trip on the Amur highway at the end of August.

Customs Union Keeps Foreign Cars Expensive

Higher duties on imported cars that were set to expire Monday will now be in place until at least 2012, part of Russia's customs union with Belarus and Kazakhstan. That leaves drivers to pay a big premium for foreign cars.

Cash-For-Clunkers Gives Lada a Boost

There is a 10-day waiting list for those hoping to purchase the cheapest Lada.

AvtoVAZ Offers Military Staff Cheap Motor Loans

The Defense Ministry will help AvtoVAZ increase its sales by compensating military officers for their down payment on a Lada 4x4.

Management Faulted for AvtoVAZ Woes

The Audit Chamber has criticized the management of the struggling carmaker after a review of its finances.

Russian Railways Seeks Overhaul of Cargo Pricing

The proposals would allow RZD to make money on all of its cargo operations and suggests basing prices on expenses to organize a particular delivery.

RusAl Seeks Rail Discount From RZD, Tariffs Service

Oleg Deripaska's aluminum giant is in talks with Russian Railways and the Federal Tariffs Service on lowering its rail transport costs by roughly 30 percent starting next year.

Chemezov Wants to Boost KamAZ Stake

State corporation Russian Technologies is looking to purchase a 13 percent stake in automaker KamAZ in a move to try to obtain control of the plant.

Russian Technologies Seeks Control of KamAZ

An Interfax source said the controlling stake in the truck maker could be bought for $300 million to $320 million, valuing KamAZ at $2.3 billion to $2.5 billion.

Customs Officials Search S7 Office for Info on Jets

Customs officials seized documents Tuesday from the Moscow office of S7, the countryТs second-largest airline, which is suspected of lowering its payments to the customs service.

Cash for Clunkers Comes to Russia

Car owners will soon be able to trade in their clunkers for a 50,000 ruble ($1,500) voucher redeemable for a domestic automobile, a program the state hopes will help fuel demand for cheaper models like the Lada.

Move to Euro-4 Standard Pushed Back to 2012

The Industry and Trade Ministry has proposed delaying by two years from 2010 to 2012 the introduction of the Euro-4 fuel standard for cars already being sold in the country, in the stateТs latest step to support domestic automakers.