Ready To Burn Rubber In Russia
Volodya Dmitriev strokes the sleek blue hood of a Skoda Felicia in the showroom of Moscow's Alan car dealership. "It's a great car," he says. "Still..." He looks over at a row of Russian-made Ladas. They start at about half the $10,500 sticker price on the Skoda, built by a Volkswagen unit in the Czech Republic. Dmitriev goes home without deciding, but VW is working hard to lure him back. This summer, it will start assembling Skodas in Russia and neighboring Belarus, sidestepping import tariffs that account for 30% of the sticker price.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- NFL’s $205 Million Man Is Hated by Everyone But Those Who Matter
- Americans Are Retiring Later, Dying Sooner and Sicker In-Between
- Singapore Will Stop Increasing Car Numbers From February 2018
- Noble Group Warns of Loss Topping $1 Billion
- U.S. Stocks Drop at Start of Big Week for Earnings: Markets Wrap