Page 122 - RusRPTNov22

Industry and Trade Ministry, with a buyback option within six years, the ministry said in a statement on Tuesday. “Nissan's executive committee has approved the sale of its Russian assets of Nissan Manufacturing Rus to Russia represented by NAMI subordinate to the Industry and Trade Ministry. The deal involves the transfer of 100% of Nissan assets in Russia,” the ministry said. The assets are the production and research facilities of Nissan in Saint-Petersburg, as well as the sales and marketing center in Moscow.
Truck producer Volvo Group has not decided whether it will leave Russia and is in negotiations with the Industry and Trade Ministry, a ministry spokesperson told PRIME late on Wednesday when business daily Vedomosti reported that Volvo Group, which stopped to produce trucks in Russia at the end of February, was considering selling the business fully or partially. "The company keeps in touch with the Industry and Trade Ministry but it is too early to speak of decisions," the official said:
Germany’s automotive manufacturing giant Mercedes-Benz plans to sell its shares in its Russian subsidiaries to the Avtodom dealer, according to a statement released on the Russian Industry and Trade Ministry’s Telegram channel on October 27. After the deal is done, the new owner will be able to service the brand’s cars sold in Russia, Deputy Minister Albert Karimov said.
The launch of the Moskvich plant is scheduled for December, said the mayor of the capital, Sergei Sobyanin, as part of a report to Prime Minister Mikhail Mishustin.
“Motor transport has seriously failed this year, but, nevertheless, I hope, with the help of the Ministry of Industry, we will launch the Moskvich plant again in December,” the mayor of Moscow said ( quoted by TASS). According to him, there is a desire for Moscow to be the center of electric vehicle construction, for this there are also all the competencies.
On April 26, it became known that Renault decided to transfer a stake in its Renault Russia plant (formerly Avtoframos) to the Moscow government. Sobyanin then announced that the plant would produce cars under the Moskvich brand, and in the future, electric cars.
On May 19, Vedomosti reported, citing sources, that Kamaz was localizing the production of Chinese cars at a plant in Moscow. On July 20, it was reported that the development of the Kama startup, owned by Kogogin and co-owner of Kamaz, businessman Ruben Vardanyan, is being considered as a platform for Moskvich electric vehicles.
In August , it was reported that the Moscow government and Kamaz signed a cooperation agreement, which provides for an investment in the Moscow
122 RUSSIA Country Report November 2022 www.intellinews.com