OAO AvtoVAZ appointed Bo Andersson, a former top purchasing manager at General Motors Co., as chief executive officer, the first non-Russian to lead the maker of Lada cars as it deepens ties with the Renault-Nissan alliance.
Volkswagen AG plans to issue its debut bond in rubles, almost a year after Caterpillar Inc. became the first foreign blue chip to sell debt in the currency, as Europe’s largest automaker seeks to expand in Russia.
On a Sunday afternoon in January, Russian billionaire Oleg Deripaska gets ready to leave his sprawling mansion in Zhukovka, a wealthy suburb of Moscow where his neighbors include President Dmitry Medvedev and Prime Minister Vladimir Putin . His children, Pyotr, 9, and Marusia, 7, burst in the door, greet their father and run happily down the long hallway. His wife, Polina, who is publisher of the Russian edition of the magazine Hello!, prepares to welcome guests for a party celebrating the Russian Orthodox New Year, Bloomberg Markets magazine reports in its April issue.
Hamburg is emerging as the biggest European beneficiary of Russia’s entry into the World Trade Organization, which is spurring feeder services from Germany’s largest port and cementing its status as a container transfer hub between Asia and the Baltic Sea.
OAO GAZ , the automaker controlled by billionaire Oleg Deripaska , aims to reach deals with General Motors Co . and Volkswagen AG by the end of next month to produce cars in Russia, GAZ Chief Executive Officer Bo Andersson said.