American General Motors will sell its stake in the joint venture with AvtoVAZ, the Niva SUV will be produced under the Chevrolet brand for another year, and then it will become Lada Niva.
Carlos Ghosn will be removed from his post.
The joint venture of Renault and Rosteha has completed the redemption of the shares of the car factory.
FAS will not be able to publish information on the upcoming transactions of large companies, and they will, by the decision of the government, have the right not to disclose some of their data. The corresponding draft was prepared by the Ministry of Economic Development.
On "Avtovaz" came another "Varangian" - this is how the factory names the foreign presidents. Frenchman Yves Karakatzanis succeeded in this post compatriot Nicolas Mor in early June.
GC "Rostekh" and Renault can redeem 100% of the shares of PJSC "AvtoVAZ".
Renault bought a share in the Russian automaker from Nissan.
Plant solemnly returned to the five-day working week after a four-day one, but there's nothing to celebrate: in the near future 740 employees, "not engaged in primary production activities" of the enterprise, will be fired.
However, some dealers are watching the sales and still optimistic.
Operational managers replaced anti-crisis ones.
Neither local manifacturing nor attempts to increase exports didn't help.
AvtoVAZ attracts foreign component suppliers to the Russian production sites, said General Director of Rostec, Sergey Chemezov. Thus, the car factory managed to convince the South Korean Daewon, which makes frames for car seats, to place its production in Izhevsk.
The dynamics has slowed in comparison with 2015 amid the market stabilization, but there's still the problem with surplus labor force.
Vitaly Maschitsky collected the shares of AvtoVAZ for Renault-Nissan, and the shares of Kamaz for Daimler.
The state corporation entrusted to Sergey Chemezov was once engaged in the export of arms, and now creates monopolies in the domestic market. In the interests of the country, it is sometimes better to appoint suppliers by decision, the head of Rostec believes.
Assembling cars in Togliatti will stop for a month from December 18, but people continue to go to work.
The supervisory authority will seek to transfer real estate to Russia's ownership.
The largest producer of cars in Russia, much like the objects of the Sochi Olympics, requires billions of dollars of additional investments.