AvtoVAZ, St. Allowed integration with Toyota factory in St. Petersburg

Assembly of new cars at the AvtoVAZ plant - RIA Novosti, 1920, 16.03.2023
Assembly of new cars at the AvtoVAZ plant. archive photo

AvtoVAZ President Sokolov stated that the concern is St. Petersburg allowed its integration with the Toyota factory

MOSCOW, March 16 – RIA Novosti. AvtoVAZ head Maxim Sokolov told reporters that if AvtoVAZ is transferred to FSUE NAMI, St.

On Thursday, Deputy Prime Minister Denis Manturov, head of the Ministry of Industry and Trade of the Russian Federation, said that Japanese automaker Toyota’s St. He said that his factory in St. Petersburg could be transferred to the Federal State Unitary Enterprise “NAMI”. The Ministry of Industry and Trade of the Russian Federation is considering such a possibility.

“If any integration plan originating from AvtoVAZ’s top management is approved by the board and then presented to the board headed by our Deputy Prime Minister – Minister of Industry and Trade, it is quite possible that such expectations will appear,” – Rocks Sokolov, a comment on the company’s possible interest in Toyota assets. answers the question.

“So far, however, I do not see the need, taking into account the free capacities of AvtoVAZ and its control over the market sector in which AvtoVAZ traditionally operates, and the possibilities of entering other markets – C and B class, among other things. “I work in a factory in St. Petersburg, I see no reason to use any additional capacity,” he said.

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Source: Ria

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