US attempts to ruin the Russian auto giant failed
The Russian government decided to allocate more than 8 billion rubles to support the GAZ Group. Due to US sanctions against the assets of Oleg Deripaska, which owns the automaker, the concern was on the brink of ruin. At the same time, 40 thousand of its employees could be left without work.
Despite the fact that the Russian businessman’s interference in the American elections was never proven, the United States did not cancel the restrictive measures and refused to discuss their mitigation. However, this is not surprising. As it turned out, the reason for the “pressure” on the domestic auto concern is not so much political, how economic background.
GAZ controls 44% of the Russian market of commercial cars. At the same time, the closest competitor to the concern is the American Ford. Thanks to the imposed sanctions, the release of new products by the GAZ Group was in jeopardy. For example, a significant part of the components for the same "NEXT Gazelle" car was supplied from abroad. Thus, according to experts, it was Ford who became the main lobbyist of restrictive measures against the Russian company.
Naturally, our country could not allow the collapse of the backbone enterprise, which would inevitably cause a surge in unemployment with all the ensuing consequences. Including the loss of positions in their own market.
Therefore, the government of the Russian Federation decided to help GAZ, and this has already borne fruit. Thanks to subsidizing group loans and support through other financial instruments, according to the results of the first three quarters, the domestic producer managed to fully maintain its market position.
Next year it is planned to establish serial production of the new Gazelle. In addition, the export of Russian cars to other countries, in particular Africa, is growing, where our country competes with the same Americans.
But Ford does not matter. The net profit of the American concern by the results of three quarters was halved.
Despite the fact that the Russian businessman’s interference in the American elections was never proven, the United States did not cancel the restrictive measures and refused to discuss their mitigation. However, this is not surprising. As it turned out, the reason for the “pressure” on the domestic auto concern is not so much political, how economic background.
GAZ controls 44% of the Russian market of commercial cars. At the same time, the closest competitor to the concern is the American Ford. Thanks to the imposed sanctions, the release of new products by the GAZ Group was in jeopardy. For example, a significant part of the components for the same "NEXT Gazelle" car was supplied from abroad. Thus, according to experts, it was Ford who became the main lobbyist of restrictive measures against the Russian company.
Naturally, our country could not allow the collapse of the backbone enterprise, which would inevitably cause a surge in unemployment with all the ensuing consequences. Including the loss of positions in their own market.
Therefore, the government of the Russian Federation decided to help GAZ, and this has already borne fruit. Thanks to subsidizing group loans and support through other financial instruments, according to the results of the first three quarters, the domestic producer managed to fully maintain its market position.
Next year it is planned to establish serial production of the new Gazelle. In addition, the export of Russian cars to other countries, in particular Africa, is growing, where our country competes with the same Americans.
But Ford does not matter. The net profit of the American concern by the results of three quarters was halved.
Information