The company’s net profit costs only 731 million rubles (approximately $ 8.6 million), while in 2023 this figure reached 20.4 billion rubles (over $ 240 million).
The income of the largest manufacturer of trucks – KAMAZ Company in Russia – according to the results of 2024, has fallen 28 times. This was reported by the Center for Combating Disinformation under the RNB on Wednesday, April 2.
The company’s net profit costs only 731 million rubles (approximately $ 8.6 million), while in 2023 this figure reached 20.4 billion rubles (over $ 240 million).
Kamaz’s leadership acknowledges that the main reason for the collapse is to increase the cost of loans and tax increases. The company is also facing serious competition from Chinese automakers who have offered significantly lower prices.
These difficulties are also due to penalties that put the Russian car industry in a state of safety. The Kremlin continues to spend war resources, leaving without support even strategically important businesses for the Russian economy, such as Kamaz.
In addition, in the Russia’s new cars market last year there is a significant collapse in sales – through a quarter, due to a reduction in Russian living standards.
Earlier it was learned that Kamaz first lost leadership in the domestic market. Last year, Chinese Sitrak first occurred in the total number of cars sold in Russia.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.