For one ruble, or around $0.0165, “Renault” sold the Russian government the bulk of the “Aftovaz” automobile manufacturing, with the provision that it may be rebuilt six years later.
The Nissan company’s assets were quickly purchased for one euro this month by the same institution in the Russian state.
The Russian News Agency quoted Sobianin as saying that the auto sector suffered from a sharp decline this year, but despite this, he hopes that Russia can inaugurate the “Mosquvich” factory in December, with the assistance of the Ministry of Industry and Trade.
The Moskvic factory announced on Thursday that it expects to produce 600 cars this year, including 200 electric vehicles, and 50,000 automobiles by the year 2023.
Kamaz, the largest truck manufacturer in Russia, and the office of the Moscow mayor agreed to invest 5 billion rubles (81. 1 million dollars) at the Moskvich facility in August.
In December, the “Renault” factory in Russia makes copies of the “Moskovic” vehicles.
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