Рейтинг@Mail.ru

The report in focus

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

Exit date 07.12.2020

Format PDF

Price 3500 eur.

The fourth autumn wave of the project is aimed at identifying consumer preferences in the ...

07 december 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

Terms of ownership of cars in Russia

News

Renault loss from participation of AvtoVAZ increased 5.5-fold to 55 million Euros

Renault loss from participation in capital of AvtoVAZ by the results of the I half of 2014 grew 5.5 times to 55 million Euros. Net profit of the French automaker has increased 8.3 times to 801 million Euros. The covered in the report of Renault period coincides with the reporting period of AvtoVAZ, which is behind traditionally by one quarter, i.e. it was taken into account in this case the IV quarter of 2013 and I quarter of 2014. For example, in I quarter the net loss of AvtoVAZ under RAS increased 10 times to 2.95 billion Rubles, wrote the newspaper "Vedomosti".

AvtoVAZ loss increased first of all due to the reduction of the Russian car market and the weakening of the ruble (the part of components and equipment is imported), said the representative of the company and the analyst of "VTB Capital", Vladimir Bespalov. In the I half sales of passenger cars and light commercial vehicles in the country fell by 7.6% to 1.23 million units (Lada - by 15%, Renault - by 8%), according to the Association of European Businesses. Another reason for the growth of loss from the participation of Renault in AvtoVAZ capital - increase of the share of the French company in AvtoVAZ through the Netherlands' Alliance Rostec Auto BV (a joint venture Renault with "Rosteh" and Nissan), which owns 74.51% of the capital of the Russian plant, adds Mr.Bespalov. The deal on obtaining of Renault-Nissan alliance the control of AvtoVAZ was finished in June of 2014, the effective share of Renault since spring of 2013 increased by 12 points up to 37%. In the period from October 1st to March 31st, 2014 it was 32.98%, specified in the Renault.

According to evaluation of Mr.Bespalov, the loss of participation of Renault in AvtoVAZ is likely to be received by the end of 2014, and net income of the plant and its shareholders will not see until 2015. "As AvtoVAZ's President, Bo Andersson, has already emphasized, the company expects to continue to work to optimize costs and to improve product quality, because these measures are designed to achieve the goal - to finish the current year with positive financial results," - said the representative of Renault.

AvtoVAZ reduces costs by reducing staff, by achieving the lower prices for components and so on. But the market continues to decline in Russia, reminds Mr.Bespalov. In 2014, the fall can make, according to the AEB, - 12%, Renault - 10%.

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