The report in focus

Automotive market of Russia - 2013

Automotive market of Russia - 2013

Exit date 01.07.2013

Format PDF, 164 pages

Price 1200 eur.

You are reading an installment of our annual reference book «Automotive Market in Ru...

01 july more info

Analytics

Production: Trap for manufacturers

Sergei Tselikov, the CEO of the analytical agency AUTOSTAT made a presentation at the Forum “Auto evolution 2013”. 

15 novembermore info

Infographics

The structure of the passenger car park in the eastern part of Russia

News

Renault received the absolute control over plant "Avtoframos"

 

By the results of auction the company Renault bought about 5,9% of shares of “Avtoframos” from the government of Moscow. As a result of deal Renault became the owner of 100% of shares of this enterprise. The share of capital authorities in “Avtoframos” was received by Renault at the start price - RUB 1,980,000,000 (about € 49,000,000).

The plant “Avtoframos” was created in 1998 on the parity basement as the joint venture of Renault and Moscow city. In 2004 Renault bought 26% of shares that were belonged to Moscow and in 2006 the share of Renault group in capital of “Avtoframos” was increased to 94,1% by the results of corporative re-organization. 

In 2005 it was opened the plant of full cycle in Moscow, its capacities were doubled in 2010 to 160,000 cars per a year. Renault invested about € 480,000,000 in the development of plant in Moscow. At the present time Renault produces six models in the Russian plant: Logan, Sandero, Fluence, Duster, Latitude and Koleos. The work over production capacities increasing to 188,000 cars per a year is being continued. 

 

 

30.11.12 AUTOSTAT
Source: www.autostat.ru