Nissan plant in St. Petersburg will resume production under the control of AvtoVAZ
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The former Nissan car plant in St. Petersburg will resume production in 2023 under the control of the Russian concern “AvtoVAZ“, Denis Manturov, head of the Ministry of Industry and Trade, told reporters.
“There will be production, including at the Nissan site, which, as we expect, will also be mastered by AvtoVAZ … Today, Nissan assets belong to US, management will be carried out by AvtoVAZ,” leads his words “RIA Novosti”.
October 11 Ministry of Industry and Trade informed on 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 the after-sales service of cars and the supply of spare parts will be handled by “AvtoVAZ“.
The deal includes a buyback option.Nissan Manufacturing Rus» of its assets, which can be sold within the next six years. As Vedomosti wrote, Nissan sold its property in Russia to NAMI for one euro. In order to buy back the assets, the company will need to compensate for the investment of the Russian Federal State Unitary Enterprise or its partner in the amount of up to 180 million euros, at the rate of 30 million euros per year. At the end of November, the factory passed over owned by US.
Production of cars at the Nissan plant in the village of Pargolovo in St. Petersburg began in 2009. Investments in the first stage of construction amounted to $200 million, later another 167 million euros were invested in the expansion of the site. Its production capacity is 100,000 vehicles per year. Until the production stop in March 2022, the plant produced Nissan X-Trail, Nissan Murano and Nissan Qashqai crossovers.
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