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Russia to revive Moskvich brand using Chinese platform

Russia to revive Moskvich brand using Chinese platform

FILE PHOTO – A Soviet-era Moskvich-427 station wagon car is seen in a parking lot in Minsk, Belarus May 30, 2017. REUTERS/Vasily Fedosenko

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May 19 (Reuters) – Production of Russia’s Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz (KMAZ.MM), two sources told Reuters on Thursday, with the model to be built at Renault’s former Moscow factory.

The sources told Reuters that Kamaz was in talks with its partner, Chinese carmaker JAC, about using its design, engineering and production platform to produce the brand. Kamaz and Moskvich declined to comment.

The Moskvich is set to make a surprise comeback in Russia as Moscow takes over assets belonging to Renault (RENA.PA), after the French carmaker said it was selling its majority stake in Avtovaz (AVAZI_p.MM) to a Russian science institute. read more

Russian business daily Vedomosti, which first reported the news on Thursday, cited a source as saying that production would begin no later than the fourth quarter of this year.

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Reporting by Reuters; Editing by Jan Harvey

Our Standards: The Thomson Reuters Trust Principles.

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