Industry

Russian dealers of KIA have started sales of the new generation of Kia Rio sedan, the production of which has been set up at the plant in St. Petersburg. The novelty is available in six levels and ten configurations at a price of 669,900 rubles.

Volkswagen has developed a new lease proposal with state support, which, from July 28th to December 1st, 2017, is distributed to Volkswagen Polo and Jetta yellow and white, purchased by corporate customers for use as a taxi.

Honda has announced prices for a 2.0-liter version CR-V crossover of the fifth-generation for the Russian market. For Russian buyers CR-V in the version with 2.0-liter engine will be offered in three trim levels.

India at present has more than 150 Mi-17 V5 helicopters, the last of which were delivered in January 2016. Most of the Mi-8s have, however, been phased out while some of the Mi-17s are still flying

According to the National Bureau of Credit Histories, the average car loan in Russia in the 2nd quarter of 2017 was 681.6 thousand rubles, and an increase was 10.7% for the year or 66.1 thousand rubles.

2017-08-02 -

The St. Petersburg plant Hyundai today resumes the production of cars after a summer corporate holiday, which was held since July 17th. During this period the company carried out planned maintenance of technological equipment.

IBM today announced that SAB Holding, an industrial conglomerate headquartered in Jeddah, Saudi Arabia, has selected IBM Cloud to host its mission-critical SAP® applications.

The company Lifan will begin the sales of a new seven-seater crossover Myway in Russia in autumn of 2017. As noted, the conclusion of the novelty in the Russian market is an important step for the company in expanding its presence in all priority segments of the automotive market.

Steel sales at private-sector Indian producer JSW Steel fell by 11.4pc in April-June from the previous quarter, as buyers were reluctant to build stocks ahead of the implementation of the country's goods and services tax (GST) on 1 July

Kawasaki Heavy Industries, Ltd. announced today that it has received an order from Jurong Engineering Limited (JE) for three Kawasaki Green Gas Engines for the Berkprai Cogeneration Project in Thailand.

IBM today announced that it was named a Salesforce Implementation Partner Leader in Forrester Research Inc.’s report “The Forrester Wave™: Salesforce Implementation Partners, Q3 2017.”