RUSSIA: Yeti production starts at second Skoda plant
"CKD production of the Yeti is another milestone for our growth in Russia," said Skoda CEO Winfried Vahland. "Russia is our third-strongest market and our number two in Europe, and we intend to grow further in years to come which is why we are resolutely extending our model offensive in this country and expanding local capacity further."
The Octavia will be made at Nizhny Novgorod from mid-2013.
Nizhny Novgorod is a JV between Volkswagen Group Russia and the GAZ Group. The Yeti is the first model off the line in a plant with body, paint and final assembly shops. Yeti production started with in SKD kits in late 2011, completing cars by installing powertrains in bodies already welded, painted and trimmed in the Czech Republic.
In the first 10 months of 2012, Skoda sold 13,600 Yetis in Russia - twice as many as a year ago (6,000).
"This shows the importance of local production," said Michael Oeljeklaus, Skoda's production and logistics chief.
"In GAZ Group, we have a strong local partner at our side. GAZ is a company with about 80 years of experience in car making, with a profound knowledge of the Russian market and highly skilled staff."
Skoda's other production location in Russia, parent VW's main plant in Kaluga, builds the Octavia and Fabia with production of the Rapid due to be added from early 2014. That plant was converted from SKD to CKD assembly several years ago and complete manufacturing capability, including a press shop, is being added in stages.
Skoda Russia deliveries rose 40% year on year to 80,100 from January through October 2012, a new record.
More read-it-and-weep news for struggling European rivals from Volkswagen group this week as it chalked up another little milestone - selling over 3m vehicles in the first four months of a year....
Toyota Motor plans a joint venture with a local company in China to produce batteries for the country's growing petrol-electric hybrid car market, a Beijing-based company spokesman said....
Not long ago the subcompact market in Brazil was regarded as niche and far from attractive to automakers. Current offerings are all imports like the Fiat 500 (from Mexico under the free trade agreeme...
After announcing an after-tax operating loss of A$141m for the 2012 financial year, following a A$290m loss in 2011, Ford has finally thrown in the manufacturing towel in Australia and will close its ...
Volkswagen Group sold 3.05m vehicles from January to April, boosting sales 5.6% year on year, and topping the 3m mark for the first time in the first four months of a year....
Volkswagen's joint venture with Shanghai Automotive has broken ground for a 300,000-unit plant in Changsha in the province of Hunan, south-central China....
- COMMENT: What is normal in Russian maelstrom?
- Regulatory concerns grow in China
- Emerging markets in trouble (1)
- VEHICLE ANALYSIS: SEAT Alhambra 2.0 TDI
- THE WEEK THAT WAS: The August harvest...
- Mercedes 'guilty' of China parts price fixing
- Ford recalls 160,000 cars to fix wiring problem
- Serious concern on Russia auto sanction rumours
- ZF's TRW plans hit a Bosch hitch - report
- Volvo Cars hails new engineering architecture
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- New Engines Aiming for 60% Thermal Efficiency Japanese Automobile Manufacturers Rising to the Post-HEV Challenge
- Global Database of the Top 1000 Motor Vehicle Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Tesla: The Californian start-up that made head way on the automotive giants
- Brazilian automobile industry - Right strategy for tough times