Russian Car Industry Hopeless – Deputy PM Ivanov
Russian passenger cars are not competitive, and there aren’t any promising models among them, Deputy Prime Minister Sergey Ivanov said Friday in the first ever official acknowledgment that the Russian car industry is simply hopeless.
“I would gladly give my support to the Russian car if it was competitive,” Sergey Ivanov told reporters in the Far East. “As for passenger cars, I don’t see any promising models.”
“Our KamAz’s are competitive, people buy them,” the deputy premier said, referring to the KamAZ trucks which are exported to many countries. “But no one in the world is going to buy a car or a weapon just as a favor to us.”
Russia should follow a principle of exchanging access to its markets for foreign technology when dealing with overseas partners, Mr. Ivanov suggested.
At the same time, the deputy prime minister lauded recent experience of drawing international carmakers to Russia as car giants have lately been extremely active to set up their productions in the country.