Russia's Automotive Market Could Shrink By 50% As A Consequence Of Ukraine Invasion | Carscoops

That’s according to Ferdinand Dudenhöffer, the head of the Duisburg Center for Automotive Research.

The center recently published a study indicating that the ruble’s severe devaluation following economic sanctions from the west will have a significant impact on the automotive sector, reportsThe study suggests that if China offers Russia aid, sales could contract by just a third, but that there will be a significant impact either way. This will not, however, be the first big slump to hit Russia in recent memory.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Signs of stress are emerging across the U.S. rates market, exacerbated by Russia-Ukraine crisisThe stress is reflected in a variety of measures --- all of which "indicate a more impaired market,'' Goldman Sachs strategists write. Rate my boobs😘😘😘 It’s not just a crisis, it’s a slaughter of the Ukrainian people by Putin! Why is he not being prosecuted for war crimes?
Source: MarketWatch - 🏆 3. / 97 Read more »

WSJ News Exclusive | A Closed Russia Market After Invasion Challenges U.S. Fund ManagersBlackRock is among fund managers that have had informal talks with SEC officials on the challenges of exiting positions in Russian securities after the invasion of Ukraine
Source: WSJ - 🏆 98. / 63 Read more »