Avtoframos
|
Formerly called
|
Avtoframos (1998-2014) |
|---|---|
| Subsidiary | |
| Industry | Automotive |
| Founded | 1998 |
| Headquarters | Moscow, Russia |
| Products | Automobiles |
| Revenue |
 RUB62.86 billion (2011) |
 RUB3.74 billion (2011) |
|
|
Number of employees
|
2,300 |
| Parent | Renault |
| Website | www.renault.ru |
Coordinates: 55°42′46″N 37°42′48″E / 55.71271°N 37.71337°E
Renault Russia (Russian: Рено Россия, tr. Reno Rossiya; IPA: [rʲɪˈno rɐˈsʲijə]), known until 2014 as Avtoframos (Russian: Автофрамос, tr. Avtoframos), is a Russian automotive company established in 1998, currently a wholly owned subsidiary of Renault.
In July 1998, the then Deputy Mayor of Moscow, Valery Shantsev, and a representative from Renault signed an agreement to create an automotive joint venture, based on an old OAO Moskvitch facility. Renault and the city of Moscow owned equally the new company. The car assembly started in April 1999. By 2005, the plant was at full production and in 2010 its capacity was doubled to 160,000 cars per year.
In October 2004, Renault purchased a 26% of the Moscow's share in the partnership and in 2006 increased its participation to 94.1%. At the end 2012, the French automaker purchased the remaining stake of Avtoframos.
In July 2014, Renault announced the renaming of its Russian subsidiary, changing its name from Avtoframos to Renault Russia in order to strengthen the company's relationship with the Renault-badged, Russian-made cars within the clients.
From the end of 2002 to 2004 the plant produced the Renault Symbol, the three-box version of the Renault Clio.
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Wikipedia