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Putin Says Government Must Support Domestic Car Industry
US News ^ | 6/16/2022 | Reuters

Posted on 06/16/2022 10:36:20 AM PDT by marcusmaximus

Russian President Vladimir Putin ordered his government on Thursday to come up with new measures to support the domestic car industry, which has seen sales crater since Moscow launched its invasion of Ukraine.

Amid a crunch on demand from Russian buyers and severe logistics problems as a result of Western sanctions slapped on Moscow, car sales slumped a record 83.5% in May, according to figures from the Association of European Businesses (AEB).

"I would like to ask the government to tell us in detail what swift measures it is taking to support the auto industry and stabilise the internal market," Putin said in a meeting with government officials broadcast on state TV.

Putin also said the government needed to look not only at production issues, but also at how to stimulate demand despite the economic difficulties facing the country.

According to Russian statistic agency Rosstat, car prices have jumped nearly 50% since the start of the year, slamming demand in a country where household incomes have declined while inflation has been hovering near 20-year highs.

(Excerpt) Read more at money.usnews.com ...


TOPICS: Business/Economy; Editorial; News/Current Events; Russia
KEYWORDS: autarky; automobiles; communism; lada; notmyfault; notwinning; putin; subsidy; volga
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To: marcusmaximus

Trabants will be back in style.


21 posted on 06/16/2022 11:24:37 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: marcusmaximus

They have to find some suckers for all those dry rotted tires from the 50’s in military warehouses.


22 posted on 06/16/2022 11:42:17 AM PDT by BiglyCommentary
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To: mylife

23 posted on 06/16/2022 11:44:10 AM PDT by caww ( )
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To: caww

LOL!! Vlody!


24 posted on 06/16/2022 11:45:25 AM PDT by mylife (It looks just like a telefunken U47... (===)
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To: dfwgator

Trabants will be back in style.

Hard to get the phenol to make the bodies.


25 posted on 06/16/2022 11:49:00 AM PDT by kaktuskid
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To: mylife

:)


26 posted on 06/16/2022 12:00:34 PM PDT by caww ( )
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To: marcusmaximus

I don’t believe a word of this.

Everything is better in Russia after the sanctions,
and everyone knows it.

.

.

.

/s


27 posted on 06/16/2022 12:06:33 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which it stands.)
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To: marcusmaximus

“According to Russian statistic agency Rosstat, car prices have jumped nearly 50% since the start of the year, slamming demand in a country where household incomes have declined while inflation has been hovering near 20-year highs.”

How is the POSSIBLE?

The RuZZian trolls say statistics against RuZZia are all fake (even if issued by RuZZia’s statistics agency).

Inflation is not a problem because the Ruble is so strong.

RuZZian income is up, or something.

Who really needs airbags, anti-lock brake systems, nav in their cars? That is a Western conspiracy to drive up the price of cars.


28 posted on 06/16/2022 12:44:09 PM PDT by SpeedyInTexas (The Only Good RuZZian is a Dead RuZZian)
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To: marcusmaximus

having an opportunity to see Cold War Soviet cars,
i remember the choice cars were mercedes or citroens.


29 posted on 06/16/2022 1:14:10 PM PDT by Terry L Smith
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To: marcusmaximus

It was a Renault. Now, it’s not Renault but runs like a Renault. ;D

https://en.wikipedia.org/wiki/AvtoVAZ
Wikipedia

“AvtoVAZ was established in 1966 by the Soviet government as a state-run car manufacturer. It was privatized in the 1990s and was a subsidiary of Renault from October 2016 to May 2022. In May 2022, it was re-acquired by the Russian government. The company is indirectly owned by Russian state enterprises through Lada Auto Holding.”
[...]
“Effects stemming from the 2022 Russian invasion of Ukraine
On 3 March 2022 AvtoVAZ announced the suspension of the assembly of cars in Tolyatti and Izhevsk from 5 March. The company issued a press release blaming ‘the ongoing crisis in the supply of electronic components.’[113]”


30 posted on 06/16/2022 1:23:12 PM PDT by familyop ("For they that sleep with dogs, shall rise with fleas" (John Webster, "The White Devil" 1612).)
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To: marcusmaximus

They can’t build the electronic components, so they’ll try to build them like the earlier Soviet cars. Some pics behind the following link. In spite of the propaganda for the typically government-owned company, the cars were pretty much Fiats (crap).

https://en.wikipedia.org/wiki/Lada
“Lada[note 1][1][2] (Cyrillic: Лада, Russian pronunciation: [ˈladə]), marketed as LADA,[note 2] is a brand of cars manufactured by AvtoVAZ (originally VAZ), a Russian state-owned company.”


31 posted on 06/16/2022 1:31:19 PM PDT by familyop ("For they that sleep with dogs, shall rise with fleas" (John Webster, "The White Devil" 1612).)
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To: marcusmaximus

Generalized edema usually occurs with serious medical conditions. I had that 12 years ago with a kidney infection.

He said he will resign at the end of his term, health is probably the reason.


32 posted on 06/16/2022 1:39:36 PM PDT by packagingguy
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33 posted on 06/16/2022 2:06:03 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which it stands.)
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To: marcusmaximus
Putin also said the government needed to look not only at production issues,
but also at how to stimulate demand despite the economic difficulties facing the country.


34 posted on 06/16/2022 7:19:00 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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