Russia’s Moskvich may resume car production in two years, Moscow mayor Yury Luzhkov said in an interview with the Russian channel TVTs. The company is controlled by the city government.
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Moskvich stopped producing cars in 2002 due to lack of demand and a high level of debt. In 2001 Moskvich produced 810 cars, Prime-Tass reported.
At the present time part of the plant’s facilities are used by Avtoframos, a joint venture between the Moscow government and France’s Renault.
In the Soviet era Moskvich was the second biggest carmaker. It was created in 1930 as an affiliate of GAZ.
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