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Prior to the February 2022 invasion, Chinese cars accounted for less than 10% of the Russian market. Russia has jumped from 11th place to become China's largest export market for cars, reaching a value of $9.4 billion in January-October, Chinese customs data showed. Overall, monthly car sales in Russia are now more than double what they were a year ago, Autostat data showed, while separate data from federal statistics service Rosstat showed car production was nearly three times higher in September year-on-year, underlining the sector's partial recovery. 'UNSTABLE, SHAKY' MARKETSanctions against Russia contributed to lower car production and sales most notably in 2022, but also after Moscow annexed the Crimean peninsula from Ukraine in 2014. Meanwhile, the rouble's slide to 100 against the dollar this year has made imports more expensive, depressing purchases of Chinese cars.

Persons: PPK, Sergei Udalov, Udalov, Russia's, Natalia Zubarevich, Zubarevich, Gleb Stolyarov, Alexander Marrow, Zoey Zhang, Vineet Sachdev, Mike Collett, White, Mark Potter Organizations: Reuters, Reuters Graphics, Chery, Geely, HK, West shuns, Autostat, Russia, Western, Reuters Graphics Reuters, Moscow State University, Wages, Lada, Thomson Locations: MOSCOW, Russia, Moscow, Ukraine, Soviet, Beijing, China, West shuns Russia, Western

☆ Russian car sales jump in September as Chinese brands expand market share
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Workers walk past new Chinese cars unloaded from a ship at a commercial port in Vladivostok, Russia August 25, 2023. REUTERS/Tatiana Meel Acquire Licensing RightsOct 4 (Reuters) - Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share. Chinese firms are also increasing their sales in Russia with vehicle assembly at factories vacated by the likes of Renault and Nissan, Reuters has found. Avtovaz raised its forecast for passenger car and light commercial vehicle sales in the Russian market in 2023 to 1 million last week, from its previous estimate of 875,000. Reporting by Gleb Stolyarov and Alexander Marrow Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Tatiana Meel, Autostat, PPK, carmaker, Avtovaz, Gleb Stolyarov, Alexander Marrow, Mark Potter Organizations: Workers, REUTERS, Lada, Chery, Geely, HK, Renault, Nissan, Reuters, Thomson Locations: Vladivostok, Russia, Ukraine, Western

"I said that this should be absolutely excluded and all officials of the country should drive domestic cars," Putin said, telling officials they should strive to develop domestic brands, domestic cars, and other domestic products. Chinese carmakers are seizing market share in Russia, capitalising on the departure of Western players, auto industry data shows. Russia's Lada holds the number one spot in the domestic market, with its share for January-June at 32.6%, up from 21.6% last year. Lada's share slipped slightly in July year on year, as Chinese carmakers' sales continued rising rapidly, the data showed. Chinese brands, such as Haval (601633.SS), Chery and Geely (0175.HK), accounted for the next six spots in terms of market share in July.

Persons: VAZ, Alexey Malgavko, Vladimir Putin, PPK, Putin, capitalising, Russia's Lada, Lada's, Gleb Stolyarov, Alexander Marrow, Mark Potter Organizations: Lada, REUTERS, Mercedes, Benz, Renault, Nissan, Reuters, Chery, Geely, HK, Thomson Locations: Soviet, Izhevsk, Russia, Ukraine, Crimean, Kyiv, Moscow, Crimea

☆ Starbucks files labor complaint against union over Pride decor allegations
▼ + stars: | 2023-06-27 | by ( Kate Rogers | ) www.cnbc.com time to read: +6 min

Protesters in Seattle join a Starbucks Workers United strike over what the union alleges is a change in policy over Pride décor in stores. More than 150 stores pledged to join the strikes around the country, representing nearly 3,500 workers, Workers United said. In the NLRB complaint Monday tied to the union's allegations, Starbucks said the "union and its agents have engaged in a smear campaign that includes deliberate misrepresentations to Starbucks partners." "The union's violations have ignited and inflamed workplace tension and division and provoked strikes and other business disruptions in Starbucks stores," Starbucks said in the filing. "While attacking the union that represents its own workers, Starbucks has now changed its policies in response to worker actions.

Persons: baristas, Sara Trilling, Trilling, Bud, — CNBC's Amelia Lucas Organizations: Starbucks Workers United, Pride, Starbucks, National Labor Relations Board, Starbucks Workers, Workers, U.S, North America, Conservative Locations: Seattle, America

☆ Staging partial recovery, Russia's April car sales leap 170.4% y/y - Autostat
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

May 4 (Reuters) - Car sales in Russia leapt by 170.4% year-on-year in April, analytical agency Autostat said on Thursday, with the country's bruised car market staging a partial recovery from the soaring prices and reduced deliveries of the same month last year. All of the top 10 models sold in April were either Russian or Chinese, Autostat's data showed. Avtovaz earlier on Thursday said its April sales had jumped 225% year-on-year in April and rose 18.4% month-on-month. Lada held 33% market share in April, up from 23% a year ago, but the growing share of Chinese models is most noticeable. Sales of South Korea's Kia (000270.KS) and Hyundai, and Japan's Toyota (7203.T) were down 67%, 68.1% and 67.8%.

Stepan, 28, who has increasingly driven Chinese cars when using carsharing services, is among those that need convincing. If you want my honest opinion, the difference (with Chinese cars) is massive," he told Reuters at Moscow's Favorit Motors dealership. When buying his new Chinese car, Alexander, 74, looked for one which encompassed Swedish technology. While Chinese cars are increasingly filling the gap, the lack of reputation remains an issue, said auto industry expert Sergey Aslanyan. Chinese brands' market share reached 37.15% in January-February, up from 9.48% a year earlier, Autostat and PPK data showed.

☆ Pistolul lui Sean Connery din primul film James Bond va fi scos la licitație
▼ + stars: | 2020-11-10 | by ( ) www.realitatea.md time to read: +1 min

Pistolul pe care l-a folosit Sean Connery în primul film din seria james Bond urmează a fi scos la licitație la Hollywood, care va avea loc pe 3 decembrie, deși inițial o anunțase pe 6 decembrie, scrie Bani.md, citând Reuters. Foto: bingepost.comPistolul folosit de regretatul Sean Connery, armă semiautomatică Walther PP care, împreună cu modelul său mai mic PPK, a devenit una dintre cele mai cunoscute imagini ale francizei James Bond, este așteptat să se vândă cu o suma între 150.000 și 200.000 de dolari, conform reprezentantului casei de licitații Julien's Auctions, citat luni de Reuters. „Silueta lui 007 ținând această armă va deveni cea mai iconică imagine a francizei James Bond și una dintre cele mai recunoscute referințe ale culturii pop din toate timpurile”, a declarat Martin Nolan, directorul executiv al Julien’s Auctions, într-un comunicat. „Pistolul provine de la furnizorul original BAPTY din Marea Britanie, care l-a vândut la licitație în 2006”, confom Julien’s. Pistolul este elementul central dintr-o colecție peste de 500 de obiecte memorabile de la Hollywood, care include și casca pe care Tom Cruise a purtat-o în „Top Gun” dar și prima rochie purtată de Michelle Obama, care a fost vreodată scoasă la licitație.

Persons: Sean Connery, james Bond, Reuters, James Bond, Martin Nolan, Tom Cruise, Michelle Obama Locations: Hollywood

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