Renault in Russia became “Moskvich” again

KAMAZ will be the main technological partner of the revived Moscow Automobile Plant “Moskvich”.

The Russians have appropriated assets owned in Russia by the French automobile corporation Renault, and are going to re-produce instead of French foreign cars “Moskvichi”. This was reported by the Ministry of Industry and Trade of the Russian Federation, as well as the mayor of Moscow Sergei Sobyanin.

Renault ceased operations in the aggressor country in late March. And two months later, the Russian Ministry of Industry and Trade announced that Renault's assets had become state property.

Yes, 67.69% of AvtoVAZ shares owned by Renault Group , will be transferred to the Research Automobile and Automotive Institute (NAMI), and 100% of Renault Russia will be transferred to the Moscow government. The remaining shares of AvtoVAZ will be retained by the state corporation Rostech.

At the same time, Moscow Mayor Sergei Sobyanin has already announced the resumption of production of cars under the Moskvich brand at Moscow's Renault plant.

KAMAZ. At the first stage, the production of classic cars with internal combustion engines will be organized, and in the future – and electric cars, “- said the mayor of Moscow.

Read also:” Russia commits economic suicide “: German business is advised to leave Russia

We will remind, since the beginning of full-scale invasion of Ukraine into Ukraine the market of the aggressor country left:

  • German automobile companies Volkswagen, Audi, BMW, Mercedes-Benz, Porsche, MAN,
  • Japanese – Honda, Nissan, Infinity,
  • American – General Motors, Ford and Harley-Davidson,
  • Italian – Ferrari, Lamborghini and Iveco Group ,
  • Swedish – Volvo Group and Scania,
  • British – Jaguar Land Rover and Rolls-Royce,
  • Korean – Hyundai.

Renault – the last of the foreign automakers to leave the aggressor market . It happened only after public pressure. For Renault, Russia was the largest market after its French.

Earlier, the Russian AvtoVAZ announced simple at several of its enterprises due to lack of supply of electronic components.

Based on materials: ZN.ua

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