TagAZ sell for next to nothing

23 July 2018

Former factory for several years can't find a new host

once TagAZ was a very successful enterprise. In the early 2000s, the plant began to produce cars of different brands. The case went to the mountain in 2008 and were collected over 100 000 machines that by the standards of the similar Russian enterprises was an excellent result. But then came the crisis of 2008-2009, with the result that sales had fallen several times. Any attempt to produce Chinese cars, or even the production of cars under its own brand was not a success: debt is gradually growing, and in 2014 TagAZ was declared bankrupt. His estate tried to sell it, but now exhibited record low price.

a couple of years ago for the remains of TagAZ requested 4.5 billion rubles. Now, the ransom was reduced four times — to 1.022 billion. In the long term, the cost of the plant will only decrease as he put up for auction every seven calendar days the price will be lowered to 73,951 million rubles, while the buyer will not be found.

However, buy former car factory for their monthly savings (if you are not an oligarch, of course) is unlikely to succeed: trading terms there is a minimum sale price — 800 million rubles. According to the Unified Federal register of bankruptcy information, finding a buyer will be held until August 13.

it is Reported that TagAZ left the production line a variety of models that have produced the plant: Hyundai Accent, Sonata, Elantra, Santa Fe and Porter, Tagaz Tager and Road Partner, Vortex Estina and so on. Perhaps some of these obsolete machines at a favorable price tag was some demand today, but represent the resumption of their sales is very difficult.

it is Noteworthy that the debts of TagAZ greatly exceed its price: to the current time with interest they went for 30 billion rubles. Creditors will try to recover part of the amount from the former owner of the Taganrog automobile plant and the founder of the group "Doninvest" Mikhail Paramonov. However, he long ago escaped from Russia, and in 2016 was declared bankrupt. In the estate of Versailles (France) Paramonova were searched.