Nearly half a year after the announcement of the building of anew Dacia plant in Morocco, a 1 billion-euro investment, Renault isnegotiating an increase in its stake in AvtoVaz, the biggestRussian carmaker, to over 50%, which means Lada will become the newDacia, but at a much larger scale. What impact does this move haveon Renault's business in Romania?
The increase in Renault's stake in AvtoVaz, the biggest Russiancarmaker, which assembles cars under the Lada brand, Dacia'sequivalent in the Soviet Union, could lead to diminished exportsfrom the Mioveni plant in Romania to the Renault plant nearMoscow.
This year the Mioveni plant will export 80,000 CKDs (completeknockdown kits) to Russia, which are assembled in the Avtoframosplant, held by Renault (95%, with Sandero and Logan models alreadyleaving the gates of the plant, and Duster to be assembled therenext year.
If Renault becomes a majority shareholder at AvtoVaz, it will seekto reach a high degree of local integration for both plants, as ithas done in Romania, so CKD kits will be significantly less used,and replaced by parts manufactured in Russia.
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