The attitude of the Russian government in its policy towards the auto industry has appeared to lurch in recent years between signs of greater liberalisation and instincts for state planning and regulation.
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More recently, the booming Russian vehicle market has seen the share taken by foreign makes – some with assembly operations in Russia – increase rapidly while indigenous makes’ share has declined.
RosBusinessConsulting reports the country’s largest carmaker, AvtoVAZ, could form the cornerstone of a new state automotive conglomerate currently being worked on by government ministries, according to a preliminary proposal signed last month by President Vladimir Putin.
Drawn up by Federal Industry Agency head Boris Alyoshin, who sits on the board of AvtoVAZ, the proposal calls for the formation of a single corporation comprising car, truck and bus production, according to a copy of the proposal obtained by The St. Petersburg Times.
The document also says the state should consider a US$5 billion rescue plan for the automotive industry to help fight off foreign competition.
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