Russian market developments show that local executives are eyeing the assets of the global auto parts producer Faurecia. Reports indicate that the plan is for a orderly transfer of Faurecia assets within the Russian Federation, signaling a shift in ownership while keeping existing collaborations intact.
Early 2023 marked Faurecia signaling a strategic exit from Russia, a move framed as aligning with the broader exit of foreign automakers. Yet AvtoVAZ continued as a customer, underscoring ongoing demand for Faurecia components in the domestic supply chain.
By mid year, the leadership team at Faurecia in Russia formed a holding entity named Format Invest. The objective behind this move is to secure the Faurecia assets and recommence operations under new management, preserving established relationships and continuing production where feasible.
Sources indicate that Tatyana Gromova, who oversees five Faurecia structures in Russia, and Olivier Grinenberger, Faurecia’s business manager in Russia, each hold substantial shares in Format Invest, complemented by input from engineering lead Alexander Gorin.
Historically the assets had been controlled by Chinese automotive brands including JAC, Omoda and Chery. This ownership mix has influenced price dynamics for several models, with JAC model prices rising by significant margins and certain Chery and Omoda variants showing notable increases.
There has also been public discussion about which vehicle lines would cease supply to Russia after a set date, impacting consumer expectations and dealer planning.
Industry observers emphasize that the evolving ownership structure could alter procurement, manufacturing cadence and aftersales support across the Russian market, affecting suppliers and dealerships alike. Ongoing conversations point to the need for clarity on investment timelines, production resumes, and risk management as political and economic factors continue to shape the sector.