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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

What electric cars are in Russia?

News

AVTOVAZ bought out GM's stake in the joint venture for 471.8 million rubles

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AVTOVAZ bought out General Motors' 50 percent stake in the GM-AVTOVAZ joint venture for 471.8 million rubles ($ 6.5 million), according to the company's 2019 financial statements. The amount of the transaction turned out to be several times less than the European Bank for Reconstruction and Development bailed out for a much smaller share in 2012, Interfax writes.

Recall that in December 2019, AVTOVAZ closed the deal to buy out 50% of the shares of the Togliatti JV GM-AVTOVAZ from the American company General Motors. Thus, the production site, later renamed LADA West Togliatti, became 100% owned by AVTOVAZ, and the Niva model returned to the LADA product portfolio. Thus, Niva becomes the second all-wheel drive SUV in the LADA family. The company intends to develop further its sales, which are now organized in the largest dealer network in Russia, with more than 300 sales and service centers.

Tags: avtovaz, russia, suv
31.07.20 AUTOSTAT
Source: www.autostat.ru