Tag "Renault-Nissan"

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Industry OEMs Passenger cars

Alliance Rostec Auto has acquired more than 96% of Avtovaz

  Vedomosti. – Alliance Rostec Auto BV, the joint venture of Rostec and Renault-Nissan, has announced that the share of the company in the capital of Avtovaz has risen to 96.6%

OEMs

AVTOVAZ is going for delisting

  RusAutoNewsCom. – Avtovaz will conduct delisting of company shares, as told by the head of Rostec Sergei Chemezov to journalists in Moscow on Monday, as reported by Interfax. “Delisting will

Industry OEMs

NISSAN is not a shareholder of AVTOVAZ anymore

Kommersant – French car manufacturer Renault has bought 9.15% of AVTOVAZ shares from Japanese auto maker Nissan in the joint venture of Alliance Rostec Auto B.V. (controls 64.6% of PJSC AVTOVAZ

OEMs

Rostec plans to get the direct ownership of AVTOVAZ with Renault-Nissan

Prime – Rostec plans to liquidate Alliance Rostec Auto B.V and get the direct ownership of AVTOVAZ with Renault-Nissan in the proportion of 25/75 within the next 12-18 months, as told

Industry OEMs

Avtovaz has localised the Renault-Nissan HR16 engines

RusAutoNews.Com – Avtovaz has received the approval for the full-cycle production of HR16 engines from Renault-Nissan Alliance. The corresponding document has been signed by the authorised bodies of the Alliance, following a

Market OEMs

Renault-Nissan expects further shrinkage in Russian automobile market

Prime – The general director of Renault-Nissan Carlos Ghosn expects that the shrinkage will continue in Russian automobile market in 2016. However, the company have no plans to exit the

OEMs

AVTOVAZ will increase Renault-Nissan production by 20% in 2015

Vedomosti – AVTOVAZ chairman Bo Andersson has announced plans to manufacture 585,000 automobiles in 2015 (+1.7%). The company will manufacture 160,000 Renault, Nissan and Datsun vehicles (+19.5%). A year-on-year reduction

OEMs

Renault-Nissan aims to speed up localisation in Russia

TASS – Renault-Nissan CEO Carlos Ghosn has stated that due to the devaluation of the rouble, the company intends to speed up localisation in Russia and halt the projects of

OEMs

Renault-Nissan and AVTOVAZ unite purchase

Vedomosti – AVTOVAZ has approved the sale of 50% shares of the company under the name of Joint Purchasing Organisation (SZO) to Renault-Nissan. 49% of the shares will be held