Russia’s AVTOVAZ will manage Nissan’s St. Petersburg site, whose assets in the Russian Federation were previously transferred to FSUE NAMI. That is what Deputy Prime Minister, Head of the Ministry of Industry and Trade of the Russian Federation, Denis Manturov, said. The conveyor is planned to be launched in 2023.
In response to journalists’ question about how production will develop in Russia, he said that a new production will appear on the Nissan site, which will be mastered by AVTOVAZ.
“Nissan’s assets are now owned by the US, management will be carried out by AVTOVAZ,” explained Manturov.
Maxim Kadakoveditor-in-chief of the magazine “Behind the wheel”
– In this story, I see two options: either we produce someone else’s car in the facilities of the former Nissan plant, and gradually make it our own, like in case of Moskvich, or we simply give the right to a third-party manufacturer to use our facilities under state control.
Can AVTOVAZ handle this process? Doubtless. For example, a Chinese or Iranian company will carry out production activities (no one else dares to come to us now), and AVTOVAZ will take care of the process on behalf of the state, provide opportunities, capabilities and carry out management.
This is in line with the overall agreement with Nissan. That the production profile must be maintained – automotive; that the purchase of the company is not implied, as Nissan retains the right to buy back. And so we can modernize the existing production to adapt it to the needs of the new manufacturer..
Previously, FSUE “NAMI” (a structure of the Ministry of Industry and Trade) acquired all Russian assets from Nissan. the the company’s production and research facilities in St. Petersburg and a sales and marketing center in Moscow. The deal includes the option to buy back Nissan Manufacturing Rus’ stake over the next six years.
Source: TASS and “Behind the wheel”
A picture: Anatoly Maltsev/EPA/TASS and “Drive”
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Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.