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Russia crisis hurts these brands the most

2014-12-19 07:11:20| Auto Dealers - Topix.net

Russia's economic turmoil is already spreading to companies in the West and many are bracing for an even bigger blow to earnings. A currency crisis and plunging oil prices have slammed the economy and damaged consumer confidence.

Tags: brands russia crisis hurts

 

GM, Audi and Jaguar halt car sales in Russia on ruble's collapse

2014-12-18 14:38:31| Auto Dealers - Topix.net

MOSCOW -- General Motors Co., Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble's collapse. Automakers are battling a more than 40 percent drop in the value of the ruble since June, Russia's biggest financial crisis since 1998.

Tags: on sales car russia

 
 

Shopping frenzy, social media fuss and jokes in Russia as ruble collapses

2014-12-18 01:08:40| Auto Dealers - Topix.net

Luxury cars, jewellery, fridges and TVs are selling like hot cakes. Russians are rushing to buy retail after 'Black Tuesday' - the day the Ruble lost 20% of its value.

Tags: shopping media social russia

 

Valve enables region locking in Steam, to stop you buying cheap games from Russia

2014-12-17 19:13:05| Extremetech

Steam, one of the sole bastions of sanity when it comes to digital games distribution, has enabled region locking on games. This means if you buy a game in one territory, you can no longer use it in another territory -- much like DVD region locking (but more effective, as Steam's region locking hasn't been cracked). While this might look like oppressive behavior by Valve, there's actually a very good reason behind the locks: Unstable currencies, like the Russian ruble, caused by the crashing price of crude oil. Or maybe Valve (and publishers) are just sick of people buying games cheaply in other territories, then redeeming them in their (more expensive) home countries.

Tags: games region stop cheap

 

Rouble collapse buffets Asian carmakers' big Russia bets

2014-12-17 13:23:39| Auto Dealers - Topix.net

Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany's by size as the rouble plunges and auto sales skid. affiliate have been stepping up investment in Russia in recent years and are gaining market share there at the expense of European and U.S. rivals.

Tags: big russia asian collapse

 

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