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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

Analytics

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

Infographics

Market structure of used cars by brands and segments

News

The share of the joint venture Renault-Nissan and Rostec in AvtoVAZ grew up to 83.5%

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The Dutch Alliance Rostec Auto B.V. (a joint venture of the Renault-Nissan alliance and Rostec) as a result of the additional share issue of AVTOVAZ increased its stake in the Russian company up to 83.53%. This is stated in the materials of the company. As reported the newspaper Vedomosti, Alliance Rostec Auto B.V. became the owner of slightly more than 9.3 million shares of AVTOVAZ. Almost 6 million ordinary shares with a nominal value of 5 rubles were placed by private subscription. Before the additional issue Alliance Rostec Auto B.V. owned about 3.3 billion shares (64.6% in the capital of AVTOVAZ).

In April, the general director of Rostec, Sergei Chemezov, said that AVTOVAZ shareholders are going to complete the recapitalization of the company in October of 2018. By this time Alliance Rostec Auto B.V. will receive 83.5% of the shares of the Russian concern. According to him, the total cost of recapitalization exceeded 107 billion rubles. "The measures taken together with the French partners are designed to help to renew AVTOVAZ," said Sergei Chemezov earlier.

As previously reported "AUTOSTAT", by the results of the first quarter of 2018 the group "AVTOVAZ" received consolidated revenues of 64.8 billion rubles, which is more by 40.8% than in January-March of the last year. The operating margin was +1.8 billion rubles, compared to -0.9 billion rubles for the same period in 2017. Net result was +0.6 billion rubles, which is better by 3.4 billion rubles than the index of the first quarter of last year. Thus, during the reporting period the company increased the consolidated revenue and operating margin. AVTOVAZ improved the balance structure.

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