Production of Moskvich cars will begin before the end of this year. About informs Referring to Denis Manturov, head of the Ministry of Industry and Trade of the Russian Federation, TASS.
“Moskvich, the former Renault company called Avtoframos, [производство]. Perhaps there will be a hybrid or electric version, ”explained Denis Manturov.
happened before knownThat the Russian assets of the French company Renault will become state property. Thus, 100% of CJSC Renault Russia shares will be transferred to the Moscow government, 67.69% of AvtoVAZ shares will be transferred to FSUE NAMI, and the remaining shares will be transferred to Rostec.
Renault will be able to buy back its stake in AvtoVAZ within six years. All Lada cars will continue to be produced at AvtoVAZ factories within the framework of existing licenses. In addition, the automobile concern will maintain Renault cars in Russia.