The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info


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.

05 julymore info


Leaders of Russian car market in 2018
  • 31.01.19 Leaders of Russian car market in 2018

    In 2018, sales of passenger cars and LCV in our country, according to the AEB, amounted to 1 million 800 591 units - more by 12.8% than in 2017. At the end of December of the last year, there was also a positive trend (+ 5.6% to 175,240 cars).



FAS allowed the joint venture Rosstech and Renault-Nissan to increase their stake in AvtoVAZ


The Federal Antimonopoly Service (FAS) of Russia approved the application of Alliance Rostec Auto (joint venture Rostech and the Renault-Nissan alliance) to buy more than 75% of AVTOVAZ, said the ministry. Recall, on March 13th, FAS already satisfied the similar request of Alliance Rostech Auto to increase the stake in AVTOVAZ over 75%. As explained Rostech for the agency RNS, the current approval is "a technical extension of the previous FAS statement, which was received last year in the context of AVTOVAZ recapitalization to extend the current closed subscription period".

"There are no changes in terms of recapitalization, which were announced in September of 2016," - added in the corporation. At the beginning of June of the last year, the head of Rostec, Sergei Chemezov, said that Alliance Rostec Auto, which after the recapitalization could have almost 99% of AVTOVAZ, can be liquidated in 1-1.5 years, and the enterprises will become the direct owners of the automobile company. "So far, through the Alliance Rostec Auto joint venture, but I think that in a year or a year and a half we will liquidate it, and it will be a direct possession here in Russia," - he said. According to SPARK, Alliance Rostec Auto owns a 64.6% stake in AVTOVAZ, Renaissance Securities (Cyprus) Limited - 24.09%.

Tags: avtovaz
26.03.18 AA "AUTOSTAT"
Source: www.autostat.ru