Date: 6 months ago   Category: Industry

Mitsubishi can join the special investment contract Renault Nissan with Minpromtorg — Rambler News Service


Mitsubishi Motors can become the participant of the special investment contract (SPIK) of alliance Renault Nissan and AvtoVAZ with Minpromtorg of Russia on release of cars and autocomponents, the senior vice-president of the Renault group Nicolas Mor "Has reported to RNS we plan to conclude SPIK for alliance. We have preliminary discussions now. There is a number of legal restrictions, questions which we need to adapt to conclude SPIK for several investors. We understand that SPIK for several investors will be possible. It makes sense when we have general platforms, the general engines, the general transmissions for the companies of alliance. And when we have a production Renault in Moscow for Nissan, in Togliatti (on AvtoVAZ), for example, also Nissans and Datsun gather" — he has told. Mor has specified that Mitsubishi can be a part of participants of SPIK. "We also discuss (SPIK) with Mitsubishi. There is no decision yet, but there is an interest from Mitsubishi. It is possible that there will be a number of subsidiaries which can join this SPIK. For example, "Lada Izhevsk" ("subsidiary" of AvtoVAZ)" — the top manager has told and has noted that the question of joint signing of SPIK with the companies which aren't included into alliance, isn't discussed. Mor has reminded that now the alliance works in Russia according to the resolution (Government of the Russian Federation) 166 (of industrial assembly). "It still works for all of the companies of alliance (Renault, Nissan and AvtoVAZ) to the middle of 2019. Then the scheme which will be in operation will be a combination of the resolution 719 which describes conditions of production of cars in Russia, and special investment contracts (SPIK)" — he has told. The senior vice-president of the Renault group considers that "concerning the resolution 719 it is obvious that the current project which exists now, he sufficient exacting concerning localization and also R&D up to 5% of a turn". "Speaking generally, we support this resolution, but to us is glad to work on his details together with Minpromtorg and us more. To make more achievable conditions which are reflected in him" — Mor has told. The SPIK mechanism operates in Russia since 2015. The Russian or foreign companies and also individual entrepreneurs can conclude SPIK with Minpromtorg of Russia and the regional government. In exchange for the obligation of investments of the company can receive tax preferences and also obtain a guarantee of maintaining tax burden of the contract period.

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