AvtoVAZ proposed to rename the former Nissan plant to Lada St. Petersburg

Russian auto concernAvtoVAZ” proposed to rename the former Nissan plant in St. Petersburg, which was sold to AvtoVAZ in February, to Lada St. Petersburg. This was announced by the general director of the automaker Maxim Sokolov on the sidelines of the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP).

“This name (“Lada St. Petersburg” – ed.) must be properly approved not only by the board of directors and, let’s say, the board of directors of AvtoVAZ, but also with the government of St. Petersburg in accordance with regional legislation. We have made such a proposal. I hope that it will be positively considered in the near future,” he said (cit. according to TASS).

On October 11, the Ministry of Industry and Trade announced the transfer of 100% of Nissan’s assets in Russia “Nissan Manufacturing Rus”, including a plant in St. Petersburg, subordinated to the Ministry of Industry and Trade, the Scientific Research Automobile and Automotive Institute (NAMI). It was clarified that AvtoVAZ would deal with the after-sales service of cars and the supply of spare parts. At the end of November, the plant became the property of NAMI.

Later, on February 7,AvtoVAZ» closed plant purchase deal. Sokolov then confirmed plans to launch the production of Lada cars at this plant. According to him, the assembly will begin in the second half of this year. The production volume in 2023 will be up to 10,000 vehicles, in the future it can be increased. By 2024-2027 it is planned to localize the production of cars.

Earlier today, Deputy Prime Minister and Minister of Industry and Trade Denis Manturov informedthat the department is considering the transfer of Russian assets to the Japanese automaker Toyota FSUE NAMI. Sokolov then said that “AvtoVAZ» does not yet see the need to purchase a Toyota plant in St. Petersburg.