Moskvich (formerly Renault Russie)

Performance indicators

2023: Loss - 160 million rubles

In 2023, the net loss of the Moskvich automobile plant reached 160 million rubles. This was announced in mid-February 2024 by Sergei Kogogin, General Director of KamAZ, which manages Moskvich together with the Moscow government.

According to Kogogin, the Moscow enterprise produces cars not in the volumes for which it was originally calculated. In 2024, Moskvich planned to produce 50 thousand cars. However, as the head of KamAZ noted in a conversation with Vedomosti, the break-even level is achieved with the production of 40 thousand cars per year, and this year the capital's plant is focused on 30-35 thousand cars. Moskvich's Chinese technology partner, JAC, "is far from the largest automotive corporation in China," said a top manager.

Net loss of the Moskvich automobile plant reached 160 million rubles

Small assembly "Muscovites" can achieve up to 150 thousand rubles savings per car. For this, according to Sergei Kogogin, additional investments in the amount of 4 billion rubles may be required. These will be joint-stock financing or borrowed funds of banks, he said.

The head of KamAZ called the increase in the cost of Muscovites inevitable, because initially the financial model was considered at a rate of nine rubles per yuan, and at the beginning of 2024 the ruble is one and a half times cheaper. Kogogin attributed problems with the sale of already produced cars to the general cooling of the market, cars of all brands are unsold.

During 2024, the plant will switch to full-cycle production and launch at least one more model - the Moskvich 8 D-class crossover, the company said. The appearance of Moskvich 5, which is a re-tailored JAC Sehol X6, is also expected.^[1]

2020: Decrease in revenue by 18.2%, to 117.36 billion rubles, net losses - 1.39 billion rubles

The revenue of Renault Russia CJSC at the end of 2020 amounted to 117.36 billion rubles, having decreased by 18.2% compared to 2019. The company's net losses during this time soared eight times and reached 1.39 billion rubles. Such data are provided in RAS reports.

According to Interfax, citing materials from the Russian subsidiary Renault, its gross loss in 2020 exceeded 8 billion rubles, while in 2019 there was a profit of 6.68 billion rubles. The loss from sales increased 1.8 times, amounting to 22.63 billion rubles.

The company's long-term liabilities increased by 29%, to 1.062 billion rubles, short-term - by 18%, to 38.295 billion rubles. Including, payables increased by 13.7%, reaching 34.98 billion rubles.

The cost of sales of Renault Russia CJSC in 2020 decreased by 8.3% compared to the previous year - to 125.448 billion rubles. The company's commercial expenses decreased by 27.4%, to 11.797 billion rubles, management costs - by 14.2%, to 2.741 billion rubles.

The agency cites data from the Association of European Businesses (AEB), according to which the sale of Renault cars in Russia in 2020 against the backdrop of the COVID-19 pandemic fell by 11.4%, to 128,408 units. As a result, Renault ranked fourth in sales among all automakers in Russia, and the brand's market share was 8%.

Renault's bestseller in Russia was the Logan sedan - in 2020 32,628 consumers (-8%) opted for it. The second place in the Renault lineup was taken by the Duster crossover, whose sales amounted to 31,640 units (-19%). The third result among Renault models was shown by the Sandero hatchback - 26,038 sold cars (-15%).

Sales of the Kaptur crossover amounted to 20,284 cars, which is 21% lower than a year ago. It is worth noting that in June a new generation Kaptur appeared on the Russian market, and by the end of the year 10,993 such cars were sold.^[2]

2019

Net losses - 171.73 million rubles

The Russian representative office of Renault in 2019 received revenue in the amount of 143.53 billion rubles, which is 4.5% higher than sales a year ago. Net losses reached 171.73 million rubles, while a year earlier the company's net profit was measured at 3.6 billion rubles. This is evidenced by the financial statements compiled according to RAS.

The cost of Renault Russia, representing the interests of the Renault automotive group in the Russian market and assembling cars at the plant in To Moscow, in 2019 amounted to 136.85 billion rubles, which is 8.6% more than a year earlier. Gross profit during this time sank by 41%, to 6.69 billion rubles.

It also follows from the report that the commercial expenses of the Russian office of Renault in 2019 increased by 6.7% compared to 2018 - to 16.24 billion rubles. Management expenses rose by 6.8%, to 3.2 billion rubles, the loss from sales increased by 84%, to 12.75 billion rubles, and the loss before taxes amounted to 336.73 million rubles against profit in 2018.

Accounts receivable of Renault Russia in 2019 decreased   by 6% compared to 2018, to 5.71 billion rubles, long-term liabilities increased slightly - by 0.3%, to 823.19 million rubles. The company's short-term liabilities increased significantly - by 22%, to 32.45 billion rubles, of which 30.76 billion are accounts payable, it also increased by 22% during the reporting period.

At the end of 2019, the Moscow Renault Rossi plant produced 100,357 cars (+ 2.4%). The Duster crossover remained the most popular Renault model in Russia - in 2019, 39,031 consumers (-5.7%) opted for it. The second place in the Renault lineup was taken by the Logan sedan, which sold 35,391 units (+ 16.9%). The third result among Renault models was shown by the Sandero hatchback - 30,496 sold cars (-3.4%).

Failed car sales via the Internet in Russia

On September 16, 2019, it became known about a failed experiment to Renault sell Russia cars through. Internet Of the 300 coupe crossovers on display Arkana , the automaker managed to sell only two. More. here

History

2023: Hans-Peter Moser's appointment as new CEO

From 2013 to 2022 Hans-Peter Moser headed the project "Reengineering of Automaking and the Creation of a Promising Family of KAMAZ Cars." In September 2020, he announced the decision to "continue his professional path as an independent entrepreneur." Read more here.

2022

Start of production of cars "Moskvich" on the basis of cars of the Chinese brand JAC

In Moscow, in November 2022, the production of Moskvich cars began at the former Renault plant. We are talking about a large assembly. The machines are delivered to the enterprise in disassembled form, then the parts are assembled together. The "Muscovites" will be based on cars of the Chinese brand JAC Motors. They will appear on the market before the end of this year.

Start Building Dealer Network

On October 3, 2022, the Moskvich Moscow Automobile Plant announced the beginning of the formation of a dealer network. The company has opened applications for official sales and maintenance dealer status.

At the first stage, we will accept applications from candidates from 23 cities of Russia. Applications are open until October 21, 2022.

It is noted that Moskvich intends to open dealerships in Moscow, St. Petersburg, Kazan, Chelyabinsk, Ufa, Volgograd, Krasnodar, Saratov and in 15 other cities. In the future, the network of car dealerships is planned to be expanded to other cities.

The company stressed that Moskvich is betting on electric vehicles, so one of the mandatory criteria is the readiness to create infrastructure for their demonstration, sale and maintenance.

For us, high customer satisfaction is important not only with the plant's products, but also with maintenance, so this will be one of the priority areas in the work of our company, the company emphasized.

The Moskvich plant should start working by the end of this year. By agreement between him and KamAZ (the main industrial partner of the enterprise), 5 billion rubles will be invested in the development of Moskvich at the first stage - the funds will be spent on "localization of nodes and components and adaptation of production capacities."

The lineup of the revived brand will include five models: four crossovers and one sedan. Officially, nothing is said about them, while unofficial data are as follows: Chinese JACs will be called the revived Muscovites. Of course, renamed.

Moscow Mayor Sergei Sobyanin said earlier in 2022 that the plant will produce "the most modern models," and, according to him, it is planned to attract foreign partners to the project itself, since "it is impossible to create a domestic car on its own from scratch."^[3]

Renault left 14 billion rubles on accounts after leaving Russia

Renault left 14 billion rubles on the accounts after leaving Russia. The money will go to pay salaries to employees and settle with counterparties who have claims to the plant. The mayor of the Russian capital Sergei Sobyanin announced this on August 24, 2022 on the air of the TVC TV channel.

Businesses like Renault, which has closed completely, or some trading brands, they have left. Renault we took for the ruble practically... And they entered into an agreement with Kamaz in order to develop automotive production there. I think it will work out, - said Sobyanin.

The termination of Renault's activities in Russia and the transfer of the company's Russian assets (a plant in Moscow to the Moscow government and a 67.69% stake in AvtoVAZ - FSUE NAMI) under the deal for the ruble scheme brought Renault Group a loss of €2.3 billion. This is stated in the financial statements of the concern for the first half of 2022.

The losses incurred are quite sensitive even for such a large automaker as Renault Group, experts interviewed by Izvestia say. According to Sergei Burgazliev, an independent consultant for the automotive industry, it will be very difficult for the company to compensate for them in a short time, €2.3 billion is a serious amount. For example, the creation of a full-fledged automobile plant with stamping, with a capacity of 200-250 thousand cars per year, costs about €1 billion, the specialist noted.

As the press service of the mayor and the government of the capital reported, the priority of the Moskvich plant will be the production of electric machines - as both personal transport and urban: taxis and car sharing for Moscow and the Moscow region, other regions of Central Russia and large agglomerations of the country. The annual need only for taxis and car sharing in Moscow and the Moscow region is from 40 to 60 thousand electric vehicles.^[4]

Nationalization of Renault assets in Russia and renaming the plant to Moskvich

Russian assets Renault are transferred to state ownership, reported Ministry of Industry and Trade of the Russian on May 16, 2022. The decision was made due to the company's refusal to resume production amid a conflict on. To Ukraine The share in "" - AvtoVAZ(FSUE NAMI 67.69% of the shares), the remaining shares of the automaker will retain the GC "," Rostec the Renault plant Russia will own (100% Moscow Government of the shares).

• The Renault plant will produce cars under the Moskvich brand, said Moscow Mayor Sergei Sobyanin. The revived Muscovites will become electric vehicles in the future.
• Maintenance of Renault cars in the Russian Federation will now be carried out by AvtoVAZ.
• KAMAZ will become the main technological partner of the revived Moskvich Moscow Automobile Plant.

• One of the main conditions of the transaction with Renault on AvtoVAZ: assistance from the French company in the supply of its components and the ability to produce cars on the current platform, said the head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov.

The deal to nationalize Renault's assets implies the possibility of a repurchase of the stake by a foreign concern over the next six years.

On May 17, 2022, it became known that the former Renault group plant in Moscow will remain Russian, there is no opportunity to buy it back from the former owner, said Deputy Mayor of the capital Maxim Liksutov.

On June 06, 2022, it became known that the plant was renamed Moskvich.

Suspension of production during a special operation of Russia in Ukraine

Renault suspended production at the plant in February 2022, citing logistical problems due to the conflict in Ukraine. Renault's decision to resume production, however, has received support from the French government, which is the company's top shareholder, according to Reuters sources.

"Renault, with the support of the French government, is resuming car production in Moscow, thereby defying the pan-European trend to close production sites in Russia," The Guardian reported on March 22.

Later it was announced that Renault would nevertheless suspend production activities in the Russian Federation from March 23, according to a statement on the company's website.

2021: A sharp rise in car prices in Russia

2018: Renault Moscow Plant

2015: Renault Logan production moved to AvtoVAZ

The production of the Renault Logan model was discontinued in December 2015, due to its transfer to AvtoVAZ.

2014: Avtoframos plant was renamed to Renault Russia CJSC

In 2014, the Avtoframos plant was renamed Renault Russia CJSC

2013: Plan to win Renault 8% of the car market in Russia by 2016

As of 2013, the Renault dealer network has more than 140 points of sale in more than 90 cities throughout Russia.

In addition to the dealer network, Renault in Russia has at its disposal a Renault training center and a central warehouse of spare parts, as well as a road technical assistance service, Renault Assistance.

The Russian market is one of the priority markets of the Renault Group. In accordance with the strategic plan of Renault 2016: Drive the Change in 2016, Renault's market share in Russia should reach 8%.

By 2016, Renault, Nissan and AvtoVAZ intend to jointly occupy 40% of the Russian market.

2012: Renault fully bought out Autoframos. Renault Duster crossover launch

In November 2012, Renault fully bought out Autoframos. The total investment of the French in Avtoframos by the end of 2012 amounted to 480 million euros.

From 1998 to 2012, Renault sold more than 800 thousand cars, of which more than 450 thousand were Logan models. Two bestsellers of the brand - Logan and Sandero - are among the top 20 leaders in the Russian market.

In 2012, the release of the Renault Duster crossover began.

2010: Renault Sandero, Fluence and Megane models launch

In 2010, the production of the Renault Sandero hatchback began at the facilities of the Moscow Automobile Plant (discontinued in 2014 due to the transfer to Togliatti), and in the fall of 2010 - the Fluence and Megane models (by large-assembly method).

2006: Renault brings its stake in the company to 94.1%

In 2006, Renault brought its stake in the company to 94.1%.

2005: The beginning of the assembly of Renault cars of the full cycle

In 2005, the company began assembling full-cycle Renault cars.

2004: Renault acquires 26% of the company from the Moscow Government

In 2004, the French company Renault partially bought out the Moscow government's stake in Autoframos, acquiring a 26% stake.

1998: Founding of Avtoframos as a joint venture of the Government of Moscow and Renault

The company was founded in 1998 under the name "Autoframos" as a joint venture between Renault and the Moscow Government. Then a significant part of the territory of Moskvich OJSC (a former unfinished engine plant) was included in the strategic partnership.

1993: Moskvich OJSC

From 1993 to 2010, Moskvich OJSC.

1989: Experimental minivan "Moskvich-3733"

In 1989-1991 AZLK together with the Bratislava Automobile Plant made three prototypes of the experimental model Moskvich-3733.

The 8-seater Moskvich-3733 minivan was created on the basis of the components and units of the Moskvich-2141 passenger car. The car was planned to be equipped with a 4-cylinder gasoline engine Moskvich-21414 with a capacity of 95 hp.

1975

1971: "Moskvich-427" at an exhibition in Paris

1970

1968: Lenin Komsomol Automobile Plant (AZLK)

From 1968 to 1993, the Lenin Komsomol Automobile Plant (AZLK).

1965

1964: Release of the Moskvich-408 model

In 1964, the production sedan Moskvich-408 was released in the Soviet Union, but few people know that at the same time the designer A. Veselov developed a model of the elegant coupe-convertible Moskvich-408 Tourist, which was released in only two copies.

1963

1956

Moskvich 402

Moskvich G2

Moskvich G2 - aluminum cylinder block, 4 carburetors, removable steering wheel, aluminum body, 233 km/h. USSR. 1956

1945: Moscow Small Car Factory (MZMA)

From 1945 to 1968, the Moscow Small Car Plant (ZMA or MZMA).

1939: KIM Moscow Automobile Plant

From 1939 until World War II, the Moscow Automobile Plant named after KIM.

1931: Ford A assembly

1930: KIM Moscow Automobile Assembly Plant

From 1930 to 1939, the Moscow Automobile Assembly Plant named after KIM.

Notes