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Top related persons:
NAMI - 1 Robert Bosch - 1 carmakers - 1 Alexander Marrow - 1 Gleb Stolyarov - 1 Mark Potter - 1
Top related locs:
Russia Ukraine Samara
Top related orgs:
Central Automobile - 1 Research - 1 Development Institute - 1 carmakers Renault - 1 Nissan - 1 Toyota - 1 Thomson - 1

Search resuls for: "Central Automobile"


3 mentions found


☆ Russia takes over another Western asset with Bosch plant deal
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +1 min
NAMI, Russia's Central Automobile and Engine Research and Development Institute, has been snapping up assets from global carmakers that left Russia over its invasion of Ukraine. NAMI has already taken over plants that were previously run by carmakers Renault (RENA.PA), Nissan (7201.T) and Toyota (7203.T). The price of the transaction was not disclosed, but NAMI has picked up other assets for nominal fees. "Previously the company was engaged in the production of steering systems, anti-lock braking systems and electronic stability programme systems," NAMI said in a statement. Reporting by Alexander Marrow and Gleb Stolyarov Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: NAMI, Robert Bosch, carmakers, Alexander Marrow, Gleb Stolyarov, Mark Potter Organizations: Central Automobile, Research, Development Institute, carmakers Renault, Nissan, Toyota, Thomson Locations: Russia, Ukraine, Samara
☆ Japan's Toyota hands St Petersburg plant over to Russian state
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
"Toyota's production site in St Petersburg has... been transferred to the state," Russia's Ministry of Industry and Trade said in a statement. The company said in September it had decided to stop vehicle production in Russia due to the interruption in supplies of key materials and parts. "Toyota confirms that it has concluded the transfer of its vehicle production plant to NAMI effective from March 31, 2023," Toyota said in a statement. Neither party disclosed a fee for the transaction, and Toyota declined to give any further details of the deal. NAMI, Russia's Central Automobile and Engine Research and Development Institute, has already taken plants from Renault and Nissan.
☆ Russia says it may take over Toyota plant in St Petersburg -TASS
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
MOSCOW, March 16 (Reuters) - Japanese car maker Toyota's (7203.T) St Petersburg plant may be transferred to the Russian state entity NAMI, Russian Industry and Trade Minister Denis Manturov said on Thursday, according to the state-run TASS news agency. "The transfer of Toyota's Russian asets to NAMI is being considered," Manturov was quoted as saying on the sidelines of a business congress. A spokesperson for Toyota said on Friday it was considering what to do regarding the plant, after having already decided last year to end vehicle production in Russia after suspending production in St Petersburg last March. "While it's true that we're considering various options, nothing has been decided at this point," the spokesperson said. Toyota said in September it had decided to stop vehicle production in Russia due to the interruption in supplies of key materials and parts.
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