Мы в СМИ

11.02.2010

BLOOMBERG: Fiat, Sollers Will Set Up 2.4 Billion-Euro Russian Car Venture

By Anastasia Ustinova and Anna Shiryaevskaya

Fiat SpA, Italy’s biggest automaker, and OAO Sollers plan to set up a 2.4 billion-euro ($3.3 billion) joint venture in Russia that will build as many as 500,000 cars a year.

Sollers plans to produce nine new models «of various classes» at the site in Naberezhnye Chelny, Russia’s government said yesterday in a statement. Prime Minister Vladimir Putin will be present at the signing ceremony today in the Volga River city, and the venture will export at least 10 percent of its production.

«This is a good timing for a joint venture as we forecast that the Russian car market will start growing in the second half of the year thanks to government incentives,» Andrey Rozhkov, an analyst at IFC Metropol, wrote in a Feb. 9 note following a report in Vedomosti newspaper on the linkup.

New car sales in Russia, which plunged 56 percent last year to 1.4 million vehicles, may rise as much as 15 percent this year to 1.6 million vehicles, PricewaterhouseCoopers said Jan. 20. Under a pessimistic economic scenario, deliveries may slide as much as 5 percent this year, the consulting company said.

Sollers assembles vehicles including Fiat’s Albea car and Dolbo van as well as Ssangyong Motor Co. sport-utility vehicles under license in Naberezhnye Chelny, located in the Russian republic of Tatarstan.

Putin’s visit to the city will also include attending a signing ceremony on a strategic-cooperation memorandum between OAO KamAZ, Russia’s biggest truck maker, and Daimler AG, the maker of Mercedes-Benz cars and trucks, the Russian government said. Stuttgart, Germany-based Daimler already owns 10 percent of KamAZ and has been considering adding to the stake.

О компании|Новости|Услуги|Контакты

Главная страница|Карта сайта|

Сайты группы «МЕТРОПОЛЬ»

Мы в социальных медиа