“(Cars. -
RT
) will be produced under the Lada brand and will be produced in those segments that will not compete with the products that are produced today at the Volga Automobile Plant,” TASS quotes him.
Sokolov noted that automakers still “keep the parts under cover”, but assured that the cars will be with high consumer advantages and safety standards.
“We are in the final stage with our partners.
As soon as the memorandums are signed, we will immediately present them to the public,” the company’s CEO added.
Earlier, the head of the Ministry of Industry and Trade, Denis Manturov, said that the former Nissan plant in St. Petersburg would resume production under the control of AvtoVAZ.