Return of the Moskvich: Russia to revive ‘legendary’ Soviet-era car after Renault exit – Reuters.com

May 16, 2022 by No Comments

Renault cars are parked outside a showroom in Saint Petersburg, Russia March 24, 2022. REUTERS/File Photo

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May 16 (Reuters) – A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault (RENA.PA) following the French carmaker’s exit from the country.

Moscow’s mayor Sergei Sobyanin said he would nationalise Renault’s car factory in the city, after the Western carmaker said it was selling its local business following the start of the conflict in Ukraine. read more

The plant, which Sobyanin said had a “long and glorious history”, will be repurposed to produce the Moskvich brand of passenger cars that were last manufactured two decades ago.

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“The foreign owner has decided to close the Moscow Renault plant. It has the right to do this, but we cannot allow thousands of workers to be left without work”, Sobyanin said on his blog. “In 2022, we will open a new page in the history of the Moskvich.”

The Moskvich, which means “a native of Moscow”, was first manufactured in the Soviet Union and designed to be a sturdy, affordable passenger car, featuring parts made in Russia and communist East Germany.

Following the Soviet Union’s collapse, the car’s manufacturer was privatised and later was declared bankrupt.

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Source: https://www.reuters.com/business/autos-transportation/return-moskvich-russia-revive-legendary-soviet-era-car-after-renault-exit-2022-05-16/

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