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Michelin is selling its activities in Russia to Power International Tires LLC After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in the Ukraine, Michelin is today announcing the signature of an agreement with Power International Tires LLC for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) …

Volkswagen Group has sold its shares in Volkswagen Group Rus to a local investor Volkswagen Group has completed the sale of its shares in Volkswagen Group Rus LLC including its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC who is supported by the Russian Dealer Avilon. With the registration …

On May 15, 2023 the LADA sales raised beyond 100K mark That was 8K cars more compared to the sales plan for that date. A 100-thousandth car became the LADA Granta sedan. It was sold in Moscow, which is the most capacious region for the LADA brand. LADA Granta has been the bestselling car both among the LADA brand and …

LADA SALES GREW BY 90% IN MARCH As of March 2023, official LADA dealerships in Russia sold 23 335 commercial vehicles and passenger cars, that is 89.9% more than in March 2022. In Q1 this year sales of LADA brand models totaled 64 240 cars, which is 21.9% more than in the first three months a year ago. LADA Granta …

AVTOVAZ JSC CONFIRMS PLAN TO PRODUCE MORE THAN 400K CARS THIS YEAR During corporate shutdown, which is scheduled for early summer, AVTOVAZ is going to finish the validation of components, which have been localized in Russia earlier this year or delivered by new partners from friendly countries as part of the step-by-step import substitution plan, to be used for the …

ENGINEERING UNION PROTECTS INTERESTS OF THE RUSSIAN AUTO INDUSTRY AND HELPS AVTOVAZ DEVELOP SUPPLIERS AVTOVAZ President and member of the Bureau of Engineering Union addressed a meeting of the managing body of the Russian Engineering Union. Manager of major Russian carmaker reported on his work in the function of a member of the Bureau of Engineering Union and touched upon …

IVAN MIRONOV HEADED LADA PRODUCTION SITE IN ST. PETERSBURG Ivan Mironov, who previously worked as Senior Adviser to AVTOVAZ President, was appointed to Chief Executive of the LADA production site in St. Petersburg. Ivan Mironov was born in Saratov in 1985 In 2007, he graduated from the Economic Faculty of Saratov State Vavilov Agrarian University with a degree in “Economy …

LADA IS IMPLEMENTING OWN SCRAPPAGE PROGRAM LADA announces start of own scrappage program. The program terms are valid when given a car operated for a long time to offset the cost of a new LADA Granta family car. At the same time, the benefit when buying a new LADA Granta of 2023 manufacturing year makes 70K rubles, when buying a …

AVTOVAZ SUBSIDIARY OPENED FIRST 3 MULTI-BRAND LECAR SERVICE CENTERS AVTOVAZ subsidiary “LADA Image” JSC opened multi-brand LECAR service centers in three Russian cities – Ufa, Yaroslavl and Togliatti. AVTOVAZ President Maksim Sokolov attended the opening ceremony of LECAR Service in Togliatti on March 1, 2023. LECAR Service network for general services is one of the components of the “World of …

ASTANA MOTORS DEVELOPS CAR MANUFACTURING IN KAZAKHSTAN AND DOES NOT HAVE PLANS FOR THE RUSSIAN PLANT Astana Motors is currently planning to deepen the localization processes and build new plants in the Republic of Kazakhstan. The company does not have any plans for the plant in St. Petersburg. Astana Motors owns a working full-cycle plant, Hyundai Trans Kazakhstan, located in …