Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 05/31/2012

State Aids Troubled ZiL Plant

Russia's government is putting money behind its words on the need to protect domestic industry, allocating $55 million to develop a new line of ZiL limousines and placing a long-term order for a new generation of cars. An order from Prime Minister Victor Chernomyrdin said the government promised to buy at least 24 ZiL cars a year from Moscow's Likhachyov factory, which makes the big black limousines favored by Soviet leaders for generations. The order could be a lifesaver for the Moscow firm, which is balancing on the brink of bankruptcy amid a payments crisis affecting thousands of Russian firms. ZiL, one of the biggest enterprises in the Moscow region, groups 14 firms and once employed 100,000 workers. But demand for its products has fallen sharply amid industrial slump. Shining black ZiL limos carrying elderly Kremlin leaders became a symbol of the declining Communist empire.




This article has no comments.

Be the first to leave a comment


Discussion
The Moscow Times welcomes your comments and invites you to discuss topics with other readers. Your comment will be posted automatically to enable a live discussion. If you aren't familiar with our comments policy, you can read it here.

If you're a registered user, you can start typing your comment below. If not, take a moment to sign up. and then return to the article.

If your comment doesn't appear, contact us by using our web form.

Comments

Comments via Facebook



print


Comments

This article has no comments.

Be the first to leave a comment





Most Read