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The report in focus

AUTOSTAT OMNIBUS-2019. New cars: car owners' opinions (fourth wave)

AUTOSTAT OMNIBUS-2019. New cars: car owners' opinions (fourth wave)

Exit date 31.01.2020

Format PDF

Price 1975 eur.

In 2019, the fourth wave of research took place. Due to the insufficient number of respondents in the sample, Chevrolet brand was excluded from the assessment, but Infiniti was added. As a result, the total number of brands represented in the report is 30, and the total number of respondents is more than 3,000 car owners.

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Ministry of Industry and Trade of the Russian Federation: the decision on state support of the project of the new Chevrolet Niva is not accepted

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At present, any decisions on state support for GM-AVTOVAZ by providing state guarantees on loans for the project realization of the new generation of Chevrolet Niva car are absent. It is stated in the press service of the Ministry of Industry and Trade of the Russian Federation.

Earlier, it was reported that the Ministry supported the provision of a joint venture of the American General Motors and AvtoVAZ the state guarantees to organize the production of a new generation of Chevrolet Niva SUV. According to sources of the agency "Interfax", the corresponding conclusion with a signature of the Deputy Minister, Alexander Morozov, is contained in the correspondence between department and the Ministry of Economic Development. A positive conclusion, as well as other information was forwarded to the government for the project.

The documents indicate that a potential lender of joint venture of AVTOVAZ and General Motors can act Sberbank. The total cost of the project is 21.57 billion rubles, while a third – own funds of "GM-AVTOVAZ" (6.57 billion rubles), 70% - bank loans (15 billion rubles.). The volume of required state support is 10 billion rubles, "which does not exceed 75% of the total cost of the project", and state guarantee will provide "not more than 50%" of the loans for the project. In particular, the amount of capital expenditures is 18.644 billion rubles, capitalized interest rates - 2.914 billion rubles.

Financial indicators of the project in the Ministry were found "acceptable", the project payback period - 5.8 years, discounted payback period - 7.6 years, recruited additional staff - 800 people. "Taking into account the compliance of the submitted investment project to the selection criteria principals, approved rules, the Ministry of Industry considers it possible to support the provision of state guarantee support for its implementation", - concluded the Ministry.

It is expected that the project will include its own welding production bodies (700 additional jobs and the preservation of more than 1,200 existing jobs in primary production). Series production is planned for January 2019. The new project should help the company to increase the market share in the SUV segment up to 6%. The operating profit margin is expected to reach 12%, increase in exports - up to 10%, localization - not less than 80% of revenue.

30.01.17 AA "AUTOSTAT"
Source: www.autostat.ru