Renault in Russia
  • Help
Results 1 to 3 of 3
  1. #1
    1000+ Posts gerry freed's Avatar
    Join Date
    Jun 2003
    Lauderdale, Tasmania

    Default Renault in Russia

    Last year Renault completed purchase of the Lada manufacturer, Avtovaz only to see the market drop 33% and their sales 37%. With the long term prospects of this emerging market being good but the short term being constrained, they are trying to buy Moskvitch which should be relatively cheap at the moment.

    Think Global - Ride on Spheres

  2. #2
    Veni Vidi Posti 68 404's Avatar
    Join Date
    Oct 2005


    I thought Moskvitch went broke in the early 90s?

    They certainly aren't marketing cars in Russia.

    2008 Renault Laguna 2.0 dCi break
    ​1997 BMW K1200RS

    (George Bush Snr): "I'll never apologize for the United States of America. Ever, I don't care what the facts are."

  3. #3
    1000+ Posts FIVEDOOR's Avatar
    Join Date
    Jun 2011
    Brisbane Qld


    Quote Originally Posted by 68 404 View Post
    I thought Moskvitch went broke in the early 90s?

    They certainly aren't marketing cars in Russia.

    You sparked my curiosity:-
    "The factory, which had been renamed to OAO Moskvitch (Moskvitch Joint Stock Company) in the early 1990s, filed for bankruptcy in 2002 and ceased production. The factory remains idle and abandoned, everything left as it was in 2002. Unfinished bodyshells remain on the production line in various stages of completion, while furniture, computers, office supplies, and documents remain in the plant's administration building. Several attempts to restart production have been made over the next 3 years, but none were successful.
    Recently, a portion of the abandoned plant was acquired by OAO Avtoframos, a 38%-62% joint venture between the City of Moscow and French automaker Renault SA. In 2005, Avtoframos commenced assembly of Renault Logan sedans from imported complete knock-down kits (CKDs). The presence of Avtoframos brought new life to a small part of the facility, but the majority of the sprawling plant remains abandoned, apparently still owned by the dormant Moskvitch company.
    The bankruptcy of OAO Moskvitch was officially announced in 2006 and the company was liquidated the following year.
    Since 2009 owner of brand Moskvitch is German automotive company Volkswagen. In 2011 Volkswagen extended its brand ownership rights until 2021"
    Any day I wake up and don't have to go to work, is a good day
    Every day is a good day

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts