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Date: 2 weeks ago   Category: Auto/Moto

Import substitution: expats in the board of directors of Sollers will be replaced by Russians


Experts state two reasons: absence in the company of tasks which foreign managers, and high cost of their maintenance of the Photo have to solve: Egor of Aleev/TASS Foreigners leave top management of Sollers. As write Vedomosti, in the list of candidates for the new board of directors there were no former top managers from the Daimler, Fiat, Ford and Jaguar Land Rover companies. They will be succeeded by the Russian managers. The Russian Sollers group includes Ulyanovsk Automobile Plant and Zavolzhsky Motor Plant. The company releases SUVs UAZ, SsangYong and also petrol and the ZMZ diesel engines. Besides, in Vladivostok production of the Mazda CX5 and Mazda 6 cars within JV Mazda Sollers is organized. In the nearest future together with Isuzu it is planned to construct the plant of a full cycle for release of commercial cars. But JV Ford Sollers remains the main automobile platform. The plants are in Yelabuga, Naberezhnye Chelny and Vsevolozhsk. The Ford Focus model, a leader of the enterprise, once was one of the most sold in Russia. Now it does not enter even the first twenty. Capacities of plant in Vsevolozhsk are loaded less than half. A situation at all not that that was at the time of creation of the joint venture in 2011, and now at presence at the board of directors of eminent foreigners is not present any need, the analyst VTB Capital Vladimir Bespalov says: Vladimir Bespalov is an analyst VTB Capital "At the moment when the company carried out the IPO, naturally, presence of foreign representatives in the board of directors was very important first of all for foreign minority shareholders. Now, probably, the relevance of it decreased a little. First of all it is connected with the fact that many projects of joint ventures which more or less settled, and, I think, further in this direction the company will not move yet, those projects which already are will develop, and it will be necessary to make somehow the decision how further to work. Here first of all it is about the Ford Sollers enterprise, but there are also other projects which in principle develop rather not bad, and, I think, there are no special questions". Everything is much simpler, the car expert Igor Morzharetto considers: expats too expensive stand, and money is not enough now therefore decided not to invite them in the new board of directors. Igor Morzharetto is a car expert, the partner of the analytical agency "Avtostat" "If originally traditionally headed JV Ford Sollers the American, then now for a long time at us the Russian is at the head of joint venture. Keeping of the expat costs much in Russia wildly. Why to carry some Varangians if the understand specifics not worse and for a long time learned to operate large international business?" The Reuters agency with reference to the sources reported on March 5 that Ford discusses a possibility of closing of two main plants — in the Leningrad Region and Tatarstan. At the same time there was an official statement that Ford Sollers considers options of restructuring of business in Russia. Statistically Assots

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