It may once have been symbolised by the sturdy but decidedly dowdy Fiat 124 saloon-based Lada Riva, but Russia's auto industry has seen some modernisation in recent years. Inward investment from the global automotive industry has finally arrived. Local market conditions have also improved as the economy has picked up and carmakers have reported brisk sales. But recent events in the political arena have brought renewed nervousness and sent the stock market down. We review the current state of Russia's economy, vehicle market and industry.