Latest news with #Moskvich
Al Bawaba
18-04-2025
- Automotive
- Al Bawaba
71-Year-old Moskvich-401 Russian car listed for sale at $10,800
Published April 18th, 2025 - 09:06 GMT ALBAWABA – A 71-year-old Russian car, Moskvich-401, was recently listed for sale for approximately $10,800 (1 million rubles). $10,800 for a 71 years old Russian car Moskvich is a car brand that was first introduced in 1947 by the Soviet manufacturer of the same name. The Moskvich-401 is a modified version of this classic the Moskvich-401 was completely revamped and upgraded. The owners posted an advertisement claiming the 71-year-old car is accident-free and has covered approximately 97,899 kilometers. It features a 1.1-liter engine and rear-wheel drive. According to documents, the car has had only three owners over its 71-year history. Moskvich-401 firstly manufactured in 1954 at the Moscow Small Car Plant. Grey compact Soviet car Moskvich 401 known for its reliability and practicality features 4-cylinder, 1.1-liter engine suited for the eras urban and rural driving conditions. (Shutterstock) The car has earned several nicknames over the years, including "Humpbacked" and "Elephant," due to its distinctive gray color and rounded Moskvich-401 is currently stored in the village of Ust-Kurdium, in Russia's Saratov region, with a starting price of $10,800 (1 million rubles). It is worth noting that the Moskvich-401 offers several notable features, including a 1.1-liter 4-cylinder engine with 26 horsepower, a 3-speed manual transmission, rear-wheel drive, and a weight of approximately 840 kg. Its top speed is nearly 90 km/h. Also Read Searenity villa in Palm Jumeirah sold for $35M © 2000 - 2025 Al Bawaba (
Russia Today
25-02-2025
- Automotive
- Russia Today
Russian auto-giant cites billion dollar Renault re-entry price tag
Renault will have to compensate Russian carmaker AVTOVAZ up to $1.3 billion if it wishes to re-acquire its former business and re-enter the market, having previously quit the country, CEO Maxim Sokolov said on Tuesday. In 2022, AVTOVAZ purchased Renault's share in the joint enterprise for a symbolic sum of 1 ruble with an option to return within six years. Renault joined other foreign corporations that succumbed to international pressure and left Russia in the wake of the escalation of the Ukraine conflict in February 2022. A return is only possible if the French automaker reimburses the investments made in its absence to develop the business, Sokolov told journalists, specifying that they would top 112 billion rubles ($1.3 billion) in 2023-2025. 'They [the investments] exceed the average annual investment volumes that were made by the previous shareholder, Renault, in the early 2020s,' the top executive said. 'Therefore, it's clear that these investments will need to be reimbursed upon return,' he added, stressing that the price of return wouldn't equal the price of exit. Renault sold its 100% stake in Renault Russia and its 68% stake in Russian carmaker AvtoVAZ in 2022. Renault's assets were later transferred to Russian state ownership. In November 2022, Russia launched production of an updated version of the iconic Soviet-era car brand Moskvich at Renault's factory in Moscow, which used to produce cars under the Renault and Nissan brands. The car giant reported a write-down of over $2 billion as a result of the withdrawal from its second-biggest market.
