Russia’s Lada plans new models, sets production target after Renault exit

VLADIVOSTOK, Russia &#x2013 The head of Russian automaker AvtoVaz stated the firm would launch new styles from its Lada model, subsequent the exit of vast majority shareholder Renault as a end result of Russia&#x2019s invasion of Ukraine.

The government, Maxim Sokolov, stated Wednesday that the proposals for the new styles would be offered at a board assembly later on this thirty day period.

The firm options to manufacture 500,000 automobiles for every 12 months, mostly in its Togliatti manufacturing facility. Sales rebounded by 75 % in August from July.

“Immediately after the prior shareholders Renault firm experienced still left in Might, the firm stood idle for much more than two months … but we managed to established up new output chains and logistics and safeguard the offer of elements for output of foundation styles,” Sokolov explained to the Japanese Financial Discussion board.

New automobile income in Russia in August fell 62 percent&#xA0from a 12 months before, immediately after a fall of 74.nine % in July, in accordance to the Affiliation of European Corporations (AEB).

Renault experienced taken a vast majority share in AvtoVaz in the late 2010s, and invested billions to modernize the Togliatti manufacturing facility. But it exited the Russian subsidiary this spring and wrote off the worth of that expense.

The French automaker experienced prepared to mix Lada and its very low-price tag Romanian subsidiary, Dacia. The two models would share underpinnings based mostly on Renault-Nissan&#x2019s CMF system, with the purpose of constructing one million cars a 12 months on prevalent architecture.

It is unclear if new Lada styles would use the new system or present types.

The post Russia’s Lada plans new models, sets production target after Renault exit appeared first on Cars News Magazine.


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