The Moskvich automobile plant, which last year took over part of Renault’s operations in Russia, offers to use iron waste in the production of new car models, TASS reports.
Tetyana Redko, Director of Relations with State Bodies of OJSC Moskvich, announced this at the hearings in the Federation Council, the upper house of the Russian Parliament.
“In this case, the proposal was sent to the Ministry of Industry and Trade to consider the possibility of holding an additional meeting, because the issue of 100% compensation for scrap metal is important, including for our company, to cover the shortage of resources. “, he told her during the hearing about the prospects of the Russian auto industry.
Redko added that the Moscow automaker has developed a “quite new” mechanism for reinvesting scrap metal into production “as part of a new line.”
She also appealed to Russian lawmakers to raise the marginal cost of cars eligible for Russia’s state industrial lending program.
TASS reminds that the Ministry of Industry and Trade in Moscow has resumed the programs of preferential lending and leasing of cars, all models of domestic cars can participate in the program, provided that their value does not exceed two million rubles (25 thousand euros).
Russia is returning to the domestic car brand
Russia has resumed production of Moskvich cars after more than 20 years, a famous Soviet-era brand, after Renault pulled out of the Russian market last year in protest at the start of the war in Ukraine.
Renault sold all of its assets to Russian state entities in May after months of heavy criticism for failing to follow the lead of other major Western companies, including automakers, in boycotting Russia.
The Russian government announced after the deal was completed that it would produce the Dacia Duster, which is sold in Russia under the name “Renault Duster”, under the Lada brand after receiving the consent of the French automaker to do so.
Finally, at the former Renault factory in Moscow, which also produced Duster and Sandero cars before the war, the production of new Moskvich cars began, the brand came back to life with the help of the Chinese in a context in which the Russian auto industry was seriously affected by Western sanctions.
Follow the latest events of the 369th day of the war in Ukraine LIVETEXT on HOTNEWS.RO.
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.