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The report in focus

Passenger car market in Russia. Results of 2021, trends and prospects

Passenger car market in Russia. Results of 2021, trends and prospects

Exit date 29.03.2022

Format PDF

Price 900 eur.

The report contains detailed information on the last year’s passenger car sales, their dynamics and structure, market capacity, its price parameters, segmentation, etc.

29 march 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 do car owners use as an alternative to a private car?

News

Renault is considering the transferring of its ownership to AVTOVAZ

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Renault is considering the transferring of its controlling stake to AVTOVAZ. Bloomberg reported it on its official website, citing its own sources within the company's management. So far, such discussions are not public, and this version of the possible development of events is only one of many, in response to the situation that arose during the Russian military operation in Ukraine. Recall that Renault has two car enterprises in Russia - a factory in Moscow wholly owned by the French company and AVTOVAZ, which the French own in partnership with the Russian state corporation Rostech. Last week, the production activity of the Moscow site was suspended and at the Togliatti site, in March, the assembly of cars went on with conveyor stops and not on all lines.

This was due to both interruptions in the supply of components and logistical difficulties, which intensified along with sanctions against Russia by a number of European countries and the United States. According to Bloomberg, the transfer of Renault shares to a partner could "release the automaker from legal liability to the Russian LADA business and its 45,000 employees." But the French automaker will not be able to transfer its 68% stake in AVTOVAZ to another shareholder, the state corporation Rostec, because the Russian partner is under sanctions. At the same time, sources confirm that so far no official decisions have been made on the sale of the stake, and some other opportunities for continuing business may appear.

It is known that the French automaker himself at the end of 2021 valued its business in Russia at 2.2 billion Euros (2.4 billion dollars) and considered Russia to be its second largest market. However, investors are concerned about the company's ability to keep a solid performance in light of possible supply disruptions, higher launch costs and dependence on the European automotive market.

01.04.22 AUTOSTAT
Source: www.autostat.ru