Cars
Porsche Opens New Sales Headquarters In Moscow
Continuing its investments in Russia, Porsche opened up a brand-new flagship store in Moscow. The German carmaker spent around 17 million Euros ($ 23.5 million) on the 7,300-square-meter complex that includes the Russian sales company’s new headquarters, a service area with parts warehouse, and a 2,500-square-meter showroom. Porsche’s current Russian sales network consists of 16 stores but it will be extended to 24 over the next couple of years as the sports carmaker is practically on fire selling 1,900 vehicles during the 2006/2007 business year (July 31, 2007) - almost double its turnover in comparison with the previous year. -Continued after the jump During the opening of the new Russian headquarters, Porsche's CEO, Dr. Wendelin Wiedeking presented a Cayenne S specially converted into a fire-service command vehicle to the Mayor of Moscow, Juri M. Luzhkov. “To ensure the success of a construction project on this scale, close cooperation with the authorities is a must. The Moscow city authorities proved excellent to work with throughout. We are delighted that the fire service commander of this great city can now rush to its citizens’ aid with an SUV from Porscheâ€, said Wiedeking.
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Investors Sue Porsche For $2.6 Billion Over Unsuccessful Vw Takeover
The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW. Wiedeking expected the so-called “Volkswagen...
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The Mother Of All Potholes In Russia Takes Down Three Cars And A Truck
If we tried really hard we could probably come up with something smart to say about this larger-than-life pothole in Moscow, Russia, that gulped down three passenger cars and a large truck, but we just had to repeat a side-splitting reader comment that...
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Bentley Opens Third Dealership In Russia
Business seems to be booming in Russia for Bentley Motors as the luxury carmaker expanded its dealers by opening a new showroom in St. Petersburg. The launch marks Bentley’s third showroom in Russia as the St. Petersburg dealership joins the two...
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Psa Peugeot Citroen Announces Plans To Build New Russian Plant
French car group PSA Peugeot Citroën announced today that it has notified the Russian authorities of its decision to build a plant in the city of Kaluga, which is located around 180 kilometres or 112 miles southwest of Moscow. The new factory which...
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Form Russia With Love: Infiniti Goes "perestroika"
Nissan Group steps up its offensive global expansion strategy by introducing it's luxury car brand, Infiniti, in the Russian market at the Moscow International Motor Show. That's a good two years ahead of the planned European introduction of Infiniti...
Cars