Renault-Nissan will own 50.1% of AvtoVAZ’s capital

The Renault-Nissan group will hold 50.1% stake in the Russian carmaker AvtoVAZ. The Euro-Japanese group had already acquired 25% stake in AvtoVAZ in 2008.
 
The agreement signed between the two partners states that Renault-Nissan will invest 23 billion rubles (560 million Euros) in the Russian manufacturer:
Renault will invest 11.3 billion rubles (€ 275 million).
Nissan will invest 11.7 billion rubles (€ 285 million).
 
The Renault-Nissan group (including AvtoVAZ) owns 31% of the Russian market in 2012. With this takeover of AvtoVAZ, Renault-Nissan group's target is to occupy 40% of the Russian market in the medium term.
 

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Data source: File #55 - Registrations by countries and by makes


2012 French market suffered from purchases anticipated over the period 2009-2012

The French market has benefited from scrapping schemes between 2009 and 2011, encouraging consumers to bring forward purchases. A phenomenon exacerbated by the deferral of vehicle purchases in 2008 due to the global financial crisis and its consequences.

 

Between 2000 and 2011, the market average was 2.1 million units, while sales reached 2.27 million units in 2009, 2.2 million  in 2010 and 2.17 million in 2011. The French market has accumulated over the past three years an additional volume of 360,000 cars compared to the average.

 

Sales volume in 2012 was 1.86 million units, 240,000 units less than the average of the last ten years. The year 2013 should theoretically be around 1.98 million units, i.e. showing  a decrease of 120 000 units compared to the average market.


The economic context associated with new patterns of consumption, however, may lower volume of French automobile market down to  1.8 million units per year in the years to come.


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Data source: File #52 - Monthly registrations by countries and by makes


Renault will produce the « Symbol » in a new plant located in Oran

 

- Discussions have been ongoing for months between Renault and the Algerian government, and eventually on December 18th, during an official visit of François Hollande, president of France, Renault has confirmed its commitment to sign an agreement for the establishment of a plant in Algeria.


- Jean-Christophe Kugler, regional director of the group, signed the agreement with the Algerian Minister of Industry. The Algerian government will hold 51% of the capital, the remaining 49% being owned by Renault. The new plant will be located in Oran (the second largest city of Algeria) and have an capacity of 75,000 units per year at the begining. For the moment, only one model will be produced: the Renault Symbol, which is actually the new Dacia Logan.


- The establishment of this plant should strengthen the position of Renault in the country where the French brand is already a leader in a growing market (450 000 sales in 2012). The plant production should be entirely dedicated to the Algerian market unlike the factory in Tangier (Morocco) which exports 90% of its production.

 

 

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Japanese carmakers’ production in China still low

 



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Data source: File #21 - Worldwide production by models (for more information, please contact us: info@inovev.com)

 


EV/HV/PHV sales evolution (10 months 2012)

 

- Hybrid Vehicles, Electric Vehicles and Plug-In Hybrid Vehicles Sales

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