Russia to extend car-buying subsidy scheme  [ Russia ]

Russian Industry and Trade Ministry announced on October 21 that it will extend incentives for new-vehicle purchases into 2015. The existing subsidy scheme started on September 1 and will run through to the end of the year with RUB 10 billion. The vehicle sales supported by the subsidy scheme have exceeded 70,000 units, which are expected to reach 170,000 by the end of the year. AvtoVAZ, a majo...