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Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

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Import of passenger cars grew by 15% for 10 months 12.12.18 - 14:04 Import of passenger cars grew by 15% for 10 months

Passenger cars worth $ 5 billion 864.5 million were imported into Russia

AVTOVAZ claims for special investment contract on behalf of the Alliance

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The head of the Ministry of Industry and Trade, Denis Manturov, said that AvtoVAZ PJSC filed an application for concluding a special investment contract, just like BMW, Avtotor, Hyundai and GAZ Group have already done. Hyundai and GAZ Group, which submitted their applications in the summer, have already received a positive response to their inquiries.

It is about getting tax incentives by automakers for 10 years ahead – in case of the investment in the modernization of facilities and the development of the model range. All companies that have signed the SPIC before the end of this year will receive the compensation from the budget for the growth of VAT from January 1st. Since the next year, the VAT rate for all should rise up to 20%. In general, the SPIC should be a guarantee of access to industrial subsidies for the whole duration of the contract.

The situation with AVTOVAZ, however, is somewhat special, since the project will be implemented not by a separate enterprise, but by a whole alliance, including, we recall, PJSC AVTOVAZ, LADA Izhevsk LLC, Renault Russia, Nissan Manufechching Rus LLC and Mitsubishi Motors Rus LLC. So far, it has been determined that in the case of AVTOVAZ only the Russian concern will act as an investor, and its foreign partners (Renault, Nissan and Mitsubishi) will act as involved parties.

The Ministry of Industry and Trade has already calculated that the total investment for the project with AVTOVAZ may exceed 70 billion rubles, the total volume of manufactured and sold products during this contract (10 years) will be about 4.9 trillion rubles, and the share of export deliveries may reach 10 %.

30.11.18 AUTOSTAT
Source: www.autostat.ru
Tags: avtovaz, russia