There have been two sources of exciting news in the Russian auto industry in recent months. This, of course, is the head of the Ministry of Industry and Trade, Denis Manturov, and the president of AvtoVAZ, Maxim Sokolov. Let’s start with the first. A few days ago Mr. Minister “came running up extremely excited and shocked us with the message”. The fate of the former Nissan factory, with which it is not clear what happened in the past six months, has been finally decided. Now the assets are owned by FSUE NAMI and it will be managed by AVTOVAZ, which should start production there as early as 2023.
The layout is odd to say the least. The state-owned company that closed the deal with the Japanese assumes all financial risks. Because it is she who, despite purchasing the property of Nissan Manufacturing Rus for only 1 euro, owns this property, which is worth hundreds of millions of times more.
But for some reason it will not be managed by the US at all, but by a completely different company – AVTOVAZ, which, by the way, is also owned by the state-owned company – Rostec Corporation. One can only guess why such an indirect plan was involved. Perhaps the officials wanted to lay the straws for themselves in the event of a resounding failure of the project?