RUSSIA: Volvo Truck starts production at Kaluga plant
Today Volvo has inaugurated its Russian production plant in Kaluga.
This coincides with the introduction of new, higher Russian custom duties for imported trucks.
Volvo Group says it is making long term strategic investments in Russia - both in the service and retail network and in its industrial presence.
Volvo Trucks established CKD-production 6 years ago in Zelenograd outside Moscow. With a capacity of 500 trucks a year, this plant is now too small, Volvo says.
The new plant is situated in Kaluga 200 kilometres south west of Moscow. It will produce trucks for Russia and neighbouring markets within the CIS-region, where the new custom duty levels are introduced as of January 12th. Depending on type of truck the custom duty is now between 5 and 25 percent.
The new factory has a capacity of 10,000 Volvo and 5,000 Renault trucks.
Production will start with low volumes in order to adjust and fine tune the production process. Production volumes then gradually will be increased according to market demand. The assembly line will be provided with cabs, drivelines and gearboxes from Volvo's Swedish component factories.
Volvo has 39 authorized workshops in Russia, including 2 fully owned Volvo Truck Centers in St. Petersburg and Moscow. A third fully owned center will be opened later this year in Kaluga. During January to November 2008, Volvo Trucks delivered 5,466 trucks to Russian customers, compared to 3,904 trucks for the same period 2007. About 5,000 used Volvo trucks were imported during the same period.
Today the actual population of Volvo trucks in Russia exceeds 50,000 units.
The head of Fiat's UK distribution company believes the brand is making good progress to transform its prospects and reposition itself ahead of what he thinks will be a concerted challenge, globally, ...
This QUBE report from just-auto provides a comprehensive overview of the global heavy trucks market, major manufacturers, top markets, manufacturing trends and market size forecasts. Use this report t...
Goodyear has announced that it will close its tyre plant in the Philippines as part of a strategy to address uncompetitive manufacturing capacity globally....
Fiat created Brazil's first compact pickup truck in 1978, presenting it at the São Paulo Auto Show as 147 pickup (based on the Italian 127 hatchback). The development of the segment was quite slow ini...
Jaguar has announced that production of the X-Type car at the Halewood factory will cease before the end of 2009 with the loss of up to 300 jobs....
New General Motors CEO Fritz Henderson now appears to jump the gun by announcing a deal with e-commerce giant eBay as the automaker emerged from bankruptcy on Friday....
Congress is readying for a clash with the Obama administration by moving to reverse the closings or planned closings of nearly 3,200 dealerships by General Motors and Chrysler....
Diesel specialist Navistar Engine Group has created three regional business units which it said would allow it to better focus on its expanding customer base around the world....
- Volvo UK specs up seven seat XC90 redesign
- ANALYSIS: Mercedes smart brand's last chance?
- THE WEEK THAT WAS: Hobnobbing with the A-listers
- Briefing: 48V mild hybrids (3)
- ANALYSIS: Suzuki's new brand flagship - Vitara
- UK: Aston Martin to reveal future models strategy
- Geneva show list updated
- GENEVA DEBUTS: Audi Q7 e-tron to be a diesel PHEV
- Audi plots 2020 expansion strategy
- US: Cadillac's De Nysschen on future engine plans
- Global light vehicle engine technologies market- forecasts to 2029
- Global vehicle lightweighting - technology, trends and the future
- LMC Automotive's European Passenger Car Production Estimates - Latest Monthly Update
- Global electrified light vehicles market- forecasts to 2018
- PLDB - vehicle cycle plan database (annual subscription)