The Renault concern intends to sell AvtoVAZ to the center for 1 ruble And is it true that it is better to give it to the Chinese
- Apr 30
Renault is forced to temporarily retreat from the Russian market. She intends to sell her production and a control package of AvtoVAZ shares for 1 ruble! What is caused by and why it is so pleasing to our Chinese partners, we will discuss in more detail.
Due to the difficult economic situation, the French automobile company Renault suffers losses. She considers the prospect of selling a control package of her shares in AvtoVAZ, which is 68%. The potential buyer is the Central Research Automobile Institute (Nam). This was stated by the head of the Ministry of Industry and Trade Denis Manturov.
It is noteworthy that the price is symbolic - 1 ruble. At the same time, the French concern wants to reserve the right to redeem the stock package at the same price in the next 5–7 years.
Previously, the applicants for the lion's share of AvtoVAZ were called Rostec and Chinese companies. The first already belonged to 34% of the shares, but Renault was afraid to sell him the rest. This is due to the financial restrictions imposed on Rostec. Having concluded a deal with him, the French company risked and herself fell under repression. So the Chinese had good chances to get a control package of the Russian automobile industry.
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The company plans to sell its Renault plant in Moscow to the Russian government. It is worth noting that in the Russian Federation the predominant number of buyers of the French foreign car. More than this car is bought only in France itself. However, the spreading rumors about the nationalization of production, and then the actual economic malfunctions became the result of the suspension of production. During downtime, Renault continued to regularly pay the staff to the staff.
Nevertheless, for the plant, which produces about 180 thousand cars a year, and the day of downtime plays an important role. Due to the ambiguous situation in the world, the resumption of production could lead to trouble. Therefore, the company had to sell assets.
The new owner of AvtoVAZ becomes us. Over the past years, the institute produced high -class Aurus series cars as part of the Cortege project. For a domestic auto industry, this can be a favorable factor. Since we will contribute to the production of new cars in AvtoVAZ, the development of which was artificially restrained by a French concern.
Some users complained about the fact that AvtoVAZ did not go to the Chinese. In their opinion, it would be better if Russian cars did not consist exclusively of domestic spare parts, but there would be no problems with the supply of components. After all, this is one of the reasons because of which the production of Renault suffered.
Do you agree with this point of view? Or is it still desirable to establish an independent Russian automobile production? Or maybe you should wait for the French return?
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