News surfaced yesterday that Renault has decided to sell its Russia operations and stake in Lada for the grand sum of 1 rouble (or double that amount, depending on the source). For those playing at home, a single unit of Russian currency is presently worth 1.5 cents in America as of this writing.
Following that announcement, reporters at The Moscow Times said the country quickly nationalized a major factory belonging to Renault, marking one of (if not the) first major transfer of private assets into state control since the invasion of Ukraine.
What does Russia plan to do with the facility? Kickstart production of the Moskvitch, of course.
The Geneva Auto Show always reminds me of one of my prize items of late sixties memorabilia: the 1969 Automobil Revue catalog that was always issued in conjunction with the Geneva show. Here are a few scans from some of the ads, which show another glaring reason for the collapse of the USSR: their car ads. If these two sexy guys posturing in front of the “new” Moskvich don’t quite turn your crank, I assure you, the Russians knew how to make straight sexy ads too:
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- Eric Here’s a couple of pics.
- Eric The shock towers have the typical rust, the body is very straight surprisingly , little surface rust at the bottom of the quarter panels but not too bad. The interior isn’t as bad as it looks, I’ll throw on a dash cover and I think it will clean up nicely. I’ve owned an MN12 for almost 20 years now, this is my first fox platform, it’ll be a great restoration project!
- EBFlex So all the reasons that were present and caused Ford to substantially raise prices less then a year ago are no longer present? What changed? Does it still cost Ford $25K more to make a fake Mustang than it does a comparable Edge? “The Michigan-based company cites “significant material cost increases,” supply chain issues and changing demand for the new higher prices. ”So those issues are solved?
- Stanley Steamer What is that white roadster in the background?
- Bufguy The Seville was not an X car....Yes the Seville was based on the x car platform but the changes were so extensive that GM designated the platform “K,” because it very little in common with the X. Only the rear subframe, front suspension, part of the floor and the roof were carried over unchanged.