Abu Dhabi’s Tawazun To Get A Stake In Russian Luxury Car Project

Abu Dhabi’s Tawazun Protecting will take a 36-percentage stake in Russian vehicle maker Aurus, investing 110 million euros ($124 million) in the agency within three years, Russia’s industry ministry said in an announcement on Monday. Tawazun turned into the principal Aurus distributor in North Africa and the Middle East, the Russian ministry said. The proportion of Sollers, another Russian vehicle producer, in Aurus, will fall to 0. Five percent because of the deal, it added.


Aurus is an emblem running through Russia’s Central Scientific Research Automobile and Automotive Engine Institute, which is also known as NAMI.

Zero Comments

NAMI owns a sixty-three. Five percent of the project, which Russia has stated, will see it producing various luxury vehicles designed using a.

Read Previous

Looking to ride on your dream vehicle? Hype Luxury Car leases goals to convey that desire authentic

Read Next

State Labor’s so referred to as wealth tax on luxury motors to harm automobile enterprise employees