Russian car industry sees 77% drop in output ...News

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The record slump is attributed to shortages of high-tech components due to Western sanctions Automobile production in Russia slumped by 77.4% in September to 23,800 units, compared to the same period last year, and is down by 3.8% from August, according to data from the Federal State Statistics Service (Rosstat) released on Wednesday. A total of 349,000 cars were manufactured from January to September this year, which is 65.9% lower than in the same period in 2021. Cargo vehicle output dropped by 33.8% to 11,700 units in September, but was up 5.4% from August with a total of 103,400 trucks produced. Analysts say t

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