“Cortege” for Putin to build on Arab money

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Photo: Anton Denisov / RIA Novosti

The investment Fund from the UAE will invest € 110 million in the Russian project to produce cars for the first persons of the state, “Tuple”, is spoken in the message of Ministry of industry and trade (“Ribbon.ru”).

New partner of the project will be the Foundation for the defense, security and development (DSDF) company Tawazun. It is expected that it will enter into a joint venture FGUP NAMI (Central scientific research automobile and engine Institute) and the company “Sollers” (which owns UAZ and Russian plants of Ford, Toyota, Isuzu, Mazda).

“We are now moving into a new phase for the project “Cortege”, it is now called Aurus. The agreement means investment in the project company Tawazun in terms of its further development”, — quoted Minister of industry and trade Denis Manturov. He was present at the signing of an agreement to establish a joint venture together with the Minister of foreign Affairs and international cooperation of the UAE Abdullah Bin Zayed al Nahyan.

Means folded DSDF will go to the development and production of cars of class “luxury” under the brand Aurus and “range of modern protected vehicles”.

The first car from the project “Cortege” was shown during the inauguration of Vladimir Putin on 7 may. Later it became known that this model “the Senate limousine” — part of the project to create a line of cars for the first persons of the state. It will include sedan “Senate” and a minibus “the Arsenal”. They will be produced under the brand Aurus.

According to Manturov, the development of the SUV will be completed in 2019, the export it will be shipped no earlier than 2020.

In mid-may, the head of state Corporation rostec Sergey Chemezov said that the lineup will also include a motorcycle that will exceed Western analogues.

Video, photo All from Russia.

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