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2021-11-20 Caucasus/Russia/Central Asia
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UAZ is being prepared for sale
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Direct Translation via Google Translate. Edited.
[REGNUM] The Ulyanovsk Automobile Plant (UAZ LLC) is being prepared for sale, the Kommersant newspaper writes.
According to the sources of the publication, the company has been relieved of non-core assets: this being done by Sollers Auto. The search for a new platform for car production will begin in the first quarter of next year.
Earlier, the general director of UAZ, Adil Shirinov, at the online conference "Business Online" said that the enterprise would eventually be closed. The cars produced at the plant are not planned to be modernized.
“UAZ cannot create a new product. First, it means huge investments, expertise, and so on. To create a product ... What ?! You need to keep up with the times. The new product will be created by those who can do it. "
The head of the enterprise noted that the plant has its own segment of off-road vehicles, which "today needs to be worked out - before a more competent solution is found."
Later, the Vedomosti newspaper clarified that UAZ will become a partner of the global auto concern: the foreign partner will provide its platform for the production of cars under its own brand and under the UAZ brand. This should be expected in 2022.
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