AvtoVAZ does not wait for Renault, said Maxim Sokolov

According to the President of AvtoVAZ, the company can develop independently, without any help, providing technological sovereignty of the industry and countries.

The main executive director of Renault, Luke de Meo, recently stated that he did not exclude the possibility of returning the brand to the Russian market, which caused a flurry of comments from officials. “He may not exclude it, but it is unlikely that something shines on him,” De Meos of Moscow, Sergey Sobyanin, answered De Meo. AvtoVAZ President Maxim Sokolov, as it turned out, also does not wait for the return to Renault, although shareholders will still make the final decision to resume cooperation.

“We see that we can develop effectively on our own, at our own sources, at the expense of our own market, and thus provide technological sovereignty for our industry. Therefore, we definitely do not expect anyone. There is no return road. We only go forward. Moreover, his own, independent road, ”Sokolov said on the sidelines of the meeting of the Coordinating Council“ On the development of the production of automobile components ” – today the AvtoVAZ team holds the helm in its hands tightly, and there is no talk of the return of the former partner and even more so about the price of this return.”

In the spring of 2022, all Russian assets of Renault were transferred to the state. The share in AvtoVAZ went to the FSUE NAME, the Renault Russia plant was taken to the balance of the city of Moscow. The transaction provided for assistance with the supply of components and the ability to produce cars on a jointly developed platform, as well as an option for the return ransom of the share we transferred within six years. To date, AvtoVAZ is completely owns Lada Auto Holding LLC, 67.7% of which belong to the FSUE NAME, and 32.3% – Rostoch.

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