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Earnings/Financials,
Plants/Manufacturing
Sales of new cars in Russia plummeted by 72.4% in April from a year earlier after a 4% rise in the previous month, the Association of European Businesses (AEB) said on Tuesday. April was part of a non-working period in Russia, ordered by President Vladimir Putin to stop the spread of the coronavirus outbreak, bringing the economy grinding to a halt as factories and businesses were forced to suspend operations and citizens asked to self-isolate. People rushed to buy passenger cars in March, wit
Continue reading 'Black April' for Russia's car market as sales plunge 72%
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