Ukraine’s Car-Production Plunges 96%; Many Banks Also Fail

On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.

In March alone, as compared to March 2014, passenger-car production plunged 94.3%, commercial vehicles fell 31%. The figure for buses was not shown. 

March figures were a considerable improvement over the month before: “compared to February, the number of cars produced has doubled.”

On April 2nd was reported that “Sales of new cars in Ukraine fell to the lowest in 15 years,” .... http://rinf.com