Trade and services

Volvo Car Group (Volvo Cars) has signed a five-year, EUR 1.3bn revolving credit facility with a group of leading global and regional banks, underlining growing global confidence in the Swedish car company’s financial and operational transformation.

KIA Motors Rus co-operates with two car sharing companies currently - BelkaCar and Anytime.

The 100,000th LADA Vesta sedan has come off the assembly line of the LADA Izhevsk enterprise since the start of production of this model in September of 2015.

Members of the European Parliament will consider provisions in revised renewables legislation that could restrict imports of biofuels that drive deforestation, including palm oil.

In the Russian market, the novelty should become the flagship of not only the model range of the brand in the SUV segment.

Prices for the model at the same time remained unchanged and they are still from 539 thousand to 669 thousand rubles, depending on the configuration.

According to the results of the study, the sales of new Chinese cars (according to the AEB, taking into account LCV) reached 2568 units in May of 2017 - more by 7% than a year ago. Thus, for the last 11 months, they for the first time showed an increase in sales in Russia.

Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035, according to a new report from Accenture (NYSE: ACN).

Primoris Services Corporation today announced that it has acquired the assets of Coastal Field Services (“Coastal”).  

Study of the prices of new cars, which covered all automakers officially represented in the Russian market, show that for the last month prices have changed at 25 of them.