Renault Group, France, is discussing the production of a gas-powered Renault Logan CNG in Russia, Nicolas Maure, CEO of Groupe Renault Operations in Russia & CIS and President of AvtoVAZ, told the media.
Renault Group may launch production of its new models at AvtoVAZ after the enterprise switches to the Renault-Nissan CMF-B-LS platform, Nicolas Maure, CEO of Groupe Renault Operations in Russia & CIS and President of AvtoVAZ, told the press.
Mass production of new Renault Duster was kickstarted at the Moscow factory, which had been upgraded by the launch of the novelty, the company’s communication says.
Renault Russia will invest RUB 3 billion in new production facility. This was announced by Deputy Mayor of Moscow on economic policy and property and land relations Vladimir Efimov.
The French company Renault has decided to establish the electric car production in Russia. The automaker discussed its decision at a meeting with the Minister of Industry and Trade of the Russian Federation Denis Manturov.
Sergei Sobyanin, Mayor of the city of Moscow, and Andrey Pankov, Director General of Renault Russia, signed a cooperation agreement at the Russian Investment Forum, which implies the establishment and development of an information technology solutions center in Moscow.
Alliance Rostec Auto B.V, a jount venture of Rostec and Renault, may consolidate up to 100% of the Russian car producer Avtovaz, Sergey Chemezov, head of Rostec told TASS.
Renault will produce coupe crossovers in Russia following BMW. The novelty will be produced in Moscow from 2019.
In 2019, the Moscow car factory Renault Russia will start the production of another Renault crossover, told three people familiar with the managers of the auto manufacturer to Vedomosti. Two sources says it will be a crossover with a new coupe for the Renault coupe: the novelty will be assembled on the same platform as Duster (the best-selling model of the brand in Russia), which is manufactured by the same Moscow car factory.
Avtovaz may place 9.25 billion ordinary shares at 10.3 rubles by private subscription - a total of 95.3 billion rubles, as reported on Friday by the company. “The target audience” is Alliance Rostec Auto B.V. (the Netherlands joint venture of Rostekha and Renault-Nissan alliance), which owns 64.6% of AvtoVAZ’s capital.” The parameters of the additional issue offered by AvtoVAZ’s Board of Directors will be approved at the extraordinary general meeting on March 15.
On December 6, the Board of Directors of AvtoVAZ approved the parameters of additional share issue. Yesterday, December 7, placement of 3.28 bln ordinary shares was started. It will continue until December 26. Shares are offered at RUB 9 per share. This corresponds to the weighted average price of AvtoVAZ ordinary shares over the last half-year. According to the Moscow Exchange, in the period from June 6 to 5 December 2016, the weighted average price equalled RUB 8.91. In the event of placement of the entire package, AvtoVAZ will raise RUB 29 bln.
Renault will start the manufacturing of Kaptur, new 4x4 SUV, at its Moscow plant. The company emphasised that the truck was developed by Renault Russian Engineering Centre that was in charge of the entire work scope from tooling development to conveyor manufacturing.
In Togliatti, another latest release by AVTOVAZ, Lada Xray, was officially launched into serial production on Tuesday. “This is a new hatchback with a high driving position unlike the Lada Vesta hatchback which has been in production since September. It boasts the B0 platform borrowed from Renault-Nissan models (controlled by AVTOVAZ). Xray draws on the pseudo SUV Renault Sandero Stepway as its prototype, with the models sharing a production line at AVTOVAZ facilities with Nissan Almera, Lada Largus, and Renault Logan.
The Xray production project cost RUB 12bn to launch, the company said. Earlier, Bo Inge Andresson, AVTOVAZ President and CEO, said that the two projects, Vesta and Xray, would require a total of some RUB 30m in 2015.
Xray production is currently about 50% localized, with the company planning to increase the proportion to 75% in a year, mainly by adding the AVTOVAZ engines, a source close to AVTOVAZ explained to Vedomosti.
France’s Renault plans to start assembling the Captur SUV at its Renault Russia factory in 2016.
Export may be one of Renault’s plans for the new Captur assembled in Russia: the company traditionally supplies all of the locally-made vehicles to foreign markets (Kazakhstan, Belarus). Over the past eight months, export increased by almost 20% to 9,500 units, a spokesman for Renault said.
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Renault SA manufactures a range of small to mid-size cars and light commercial vehicles. The French government has about a 15 per cent stake in Renault.