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The cost of traffic congestion increased in 2016 to an average of $1,400 for U.S. drivers, as congestion worsened in Los Angeles, which has become the most congested city in the world, according to the Inrix Traffic Scorecard.

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Collapse of Oil Prices and Ruble Devaluation Negatively Impacting Russian Fleet Market

The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.

Diesel GAZelle Next Debuts in Russia

GAZ Group, a company of Basic Element, one of Russia’s largest diversified industrial groups, has launched the GAZelle Next with a diesel engine with increased power and torque.

Global Auto Markets Continue to Grow

New registrations in Western Europe climbed by almost 6 percent, the U.S. auto market grew by more than 9 percent, and passenger car sales in China rose by 8 percent, according to a report by the Verband der Automobilindustrie (VDA).

Time Capsule: GAZ ZIS-5V

Recently the GAZ Group marked the 70th anniversary of its first production truck at its Ural Vehicle Plant. On July 8, 1944, the first military version of ZIS-5V vehicle was delivered from the production line of the Plant.

Global Automotive Market Recovery Continues

Global automotive growth was seen in the passenger car markets in Western Europe (+6 percent) and Japan (+19 percent), while, in China, demand for passenger cars recorded a double-digit increase (+22 percent).

Nissan Revives Datsun for India, Russia

Nissan is reintroducing the Datsun brand into four global markets including India and Russia nearly three decades after producing the last Datsun-branded vehicle.