Friday, January 25, 2013

Homegrown Luxury Car Fails to Excite

The plan to mass-produce a Russian luxury car has elicited little, if any, enthusiasm from the companies that are supposed to be hard at work to make it happen.

Sales of luxury cars grew last year, PricewaterhouseCoopers statistics show. While the consultant doesn't track the segment's value and numbers overall, it said Porsche sales were 3,613 vehicles, up 64 percent over the previous year, while Jaguar sold 1,506 cars, an increase of 27 percent.

The ministry asked Moscow-based ZiL and Marussia Motors and Nizhny Novgorod-based GAZ to submit proposals for models that would rival Western brands, promising state support for the project.