This week, General Motors, Audi and Jaguar Land Rover have temporarily stopped the car his Russian deliveries to dealers. As Bloomberg reports quoting sources in companies, the cause of the unprecedented move was rapid, more than 40 per cent drop in the ruble against major world currencies in less than six months. Analysts believe that the losses by automakers because of the situation in Russia can amount to hundreds of millions of euros.
In the message, GM says that the company stopped the signing of new contracts with dealers with 16 December for an indefinite period in connection with the need to evaluate business risks caused by the high volatility of the ruble exchange rate. Those Chevrolet, Opel and Cadillac, which had already been signed documents will be delivered at the old price.
On the same day, stopped the wholesale in RF and Audi; According to the representative of the Russian Office of the Audi AG will resume deliveries, Kozhukhov's once the new price list. At the same time, it became known that a number of Russian assembly plants (such as Renault, Peugeot-Citroen and Volkswagen) will be extended this year, the traditional New Year holidays on 1-2 weeks.
According to analyst Evercore ISI Arndt Èllinghorsta, the situation in Russia could cost foreign producers in significant amounts: so, BMW will lose in the fourth quarter of this year from 100 to 150 million euros on sales decline and fluctuations. It should be noted that from January to November 2014 on sales of BMW and Mini in our country declined by 17% against the background of overall 12%-s ' market decline. We continue to monitor the situation.