- The Russian car maker, Avtotor and the Canadian auto-parts maker, Magna, announced, in common press release, that a multi-million-dollar manufacturing deal has been signed.

- The cooperation agreement involves the construction of six automobile assembly plants and no fewer than 15 component factoriesin a cluster of full-profile automobile manufactures in the Kaliningrad region.

- The parts plants will meet Avtotor's needs, and may also supply other Russian automotive firms as well as export customers.
The final production capacity is expected to increase in phases, with the potential to reach up to 250,000 vehicles per year by 2018.

- Russian media reported that the joint venture will be 60%-owned by Avtotor, with Magna owning the remainder.

- A meeting of European Ministers of Industry is scheduled for December 10 in Brussels to coordinate the actions to be taken to tackle the crisis on the European  soil.

- Commissioner Tajani has proposed an action plan including on innovation, the opening of foreign markets and anticipation of restructuring. In order to prepare the December meeting, he announced discussions  with unions and manufacturers. The Commissioner wants to encourage the use of the European Social Fund for the retraining of employees who lost their jobs, by investing in actions for conversion and training. For innovation, he wants to increase by 1 billion euros the EU funding envelope to support research and development, that would rise to 2 billion euros for the period 2014-2020.

- "We must anticipate what will happen in 2050, with nearly 2.5 billion cars in the world. We need to develop electric cars, hydrogen or hybrid, "urged MrTajani.  He also said that he agrees with carmakers who urge the Commission to impose stricter conditions for free trade agreements in preparation with United States, China and India. In Europe, the automotive industry accounts for 12 million jobs, contributes for 70 billion euros in the trade balance and annually invests around 28 billion euros in R & D.