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Prosperous and wealthy Russia to be the car manufacturing capital of Europe. [Copy link] 中文

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Post time 2012-4-23 09:55:19 |Display all floors
Russia Today

Russian Billionaire Oleg Deripaska is apparently intending to do a partial IPO of his company Russian Machines; paving the way for Russia to be the car manufacturing capital of Europe.
Much to the chagrin of Moscow’s gridlock bound commuters people in Russia keep on buying cars.  The Association of European Businesses (AEB) says more than two and a half million cars were sold in Russia in 2011 – a 39% increase in sales compared to the previous year.  

Deripaska’s Russian Machines is perfectly placed to capitalize on the demand growth.
The corporation is based in Nizhny Novgorod and is an umbrella organization for a number of diverse Russian industrial companies.  The most well known is GAZ, makers of the Volga car.  According to Russian Machines GAZ broke even in 2010, and last year saw a 27% increase in revenue, earning a net profit of more than $169 million.  This upswing can be credited in part to the re-organisation of GAZ facilities which now make parts for three major car companies—Volkswagen, General Motors and Mercedes Benz.
In an interview with RT, the Chairman of Russian Machines Siegfried Wolf says the investment in contract manufacturing in Nizhny Novgorod is paying off, ‘if you can produce for the best in the world, we can be very proud with the Russian team’.
In talking with Bloomberg Siegfried Wolf let slip the IPO was on the way. The company may sell up to 25% abroad for up to $3 bln, “We’re absolutely in shape to do it this year or next,” he said.  
Russian Machines have been championing the concept of ‘cluster functioning’, which Wolf sees as a major benefit to the regional and national economies. ‘The original manufacturer creates at least 4 to 6 indirect jobs from one job, mainly in the supply industry. The process of component manufacturing needs raw material, which means we create a lot of know-how added value for our raw material industry. Thirdly, an automotive supplier does not supply to only one manufacturer, it means we have created a good export opportunity’.

With WTO membership on the doorstep Siegfried Wolf believes Russian car manufacturers are well placed, “European car manufacturers are stable or slightly going backward. Russia has a potential with its own market, the need for their own products could overtake Germany as the biggest car producer in Europe.” Wolf said.  “In the next 2-3 years Russia will be a bigger producer than Germany, and that’s rather a clear goal that we have to achieve.”

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Post time 2012-4-23 09:57:57 |Display all floors
This post was edited by SMITHI at 2012-4-23 09:58

The Association of European Businesses (AEB) says more than two and a half million cars were sold in Russia in 2011 – a 39% increase in sales compared to the previous year.  

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Energy superpower Russian federation is new El Dorado it seem to me?

any take from dear ziotrolls?

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Post time 2012-4-23 10:01:38 |Display all floors
This post was edited by SMITHI at 2012-4-23 10:06

As soon as Mr Putin arrested few Zionist thieves , Russia blossomed like daisy in a spring.
Nothing short of miracle indeed , great leader Mr Putin know how to deal with thieves and here we are.

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Post time 2012-4-23 10:05:57 |Display all floors
Much to the chagrin of crumbling western glass houses built on ponzy scheme and theft of resources from third world ….........much to the chagrin of those …........ Russia is going full steam ahead.
isn't that lovely?

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Post time 2012-4-23 10:18:40 |Display all floors
..WASHINGTON (Reuters) - Russia will consider contributing more than the $10 billion it has already promised to bolster the International Monetary Fund's crisis-fighting war chest, with the final figure to be coordinated with other BRICS countries, Finance Minister Anton Siluanov said on Saturday.

"Ten billion dollars as (Russia's) minimum contribution has already been declared, the issue now is of changing it, increasing the sum, taking under consideration the IMF's need for additional resources," Siluanov told journalists on the sidelines of the International Monetary/World Bank spring meeting in Washington.

"We will coordinate with our BRICS colleagues and will jointly decide on our possibilities."

Leading world economies on Friday pledged $430 billion in new funding for the IMF, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

Siluanov said that $362 billion of the sum had been already committed.

"There's around $70 billion left," Siluanov said.

He said that the so-called BRICS countries, which consist of Brazil, Russia, India, China and South Africa, would have figures ready by the June summit of the Group of 20 advanced and emerging economies that will take place in Los Cabos, Mexico.

The IMF traditionally has provided aid to struggling emerging market nations, but the euro-zone debt crisis has made big industrial economies a new focus. Emerging economies, which have been pressing for a greater say at the IMF, joined in pledging additional funds.

A central issue for winning support from the emerging markets has been the G20 assurance that their voting power in the IMF, known as quotas, will be increased, giving the nations a greater clout at the Fund.

The G20 communique issued on Friday reaffirmed that members would redistribute IMF power by the October meeting.

Russia downplayed the issue of the quota reform as a precondition for the country's contribution to the IMF, but said the new quota distribution formula should be clear and understandable.

"We proposed that the emphasis in the calculation of quotas is based on two main indicators, the size of gross domestic product of each country and the volume of their gold and foreign exchange reserves," Siluanov said.

If those conditions were accepted, Russia's say at the IMF would increase considerably, as the country holds the world's third largest amount of forex reserves, standing at $516.7 billion.

Siluanov said that some BRICS countries spoke only of the need to increase the share of GDP in the quota formula.

"Several countries spoke of the need to continue dialogue on this issue," he said.

"Some countries that already have quotas are not interested in refining them and, naturally, prefer to keep the existing formulas, without making changes."

(Writing by Lidia Kelly; Editing by Peter Cooney)

..

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Post time 2012-4-23 10:23:06 |Display all floors
Here you have it Russia is saving world , giving  more than 10 billion to IMF is gesture of Russian commitment in helping those in need indeed.

Being caring and good member of intentional community is of utmost importance to mr Putin and Russian people in generals terms.

Peacefully rising Russia and China will create new reality , new peaceful world order , order of cooperation and respect , order of mutual interest to all parties , very much unlike imperialistic orders during so called Ameikkkkkkkkan century that has just finished recently.

Isn't that nice?

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Post time 2012-4-23 10:43:26 |Display all floors
A little bit of OPINION from your friendly MALAYAN friends.

The EU, also have WALL STREET in the automobile guild.
Currently the guild is dominated by the AMERICAN DOLLAR ZONE.
Russian MARKET would be the RUSSIAN FEDERATION, near abroad and Orthodox states.

it's a market of about 400 million, and the MAX would be 15 to 20 million units a year.
A lot of DEVELOPMENT WORK needs to be undertaken by the RUSSIAN people!
Automobile parts will need to be imported, and that'll benefit CHINA.

cheerios!

Green DRagon
Game Grandmaster
Enjoying retirement conversations

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