Cars and equipment manufacture

As part of a large-scale program to reduce carbon emissions, the American company intend to release a whole line of their own electric vehicles.

The company may become the first, which localizes the production of diesel engines for light commercial vehicles.

Also, the car will have a maximum ground clearance (240 mm) for it's class.

The Russian SUV will be released in 2024.

In 2020, the company managed to sell more than 200 cars.

The decision was made after Angela Merkel met with representatives of the automotive industry.

Under these conditions, the OFAC gave a new delay for another 6 months to impose sanctions against the company.

Making profit for this period paves the way for the inclusion of the company’s shares in the stock market index S&P 500.

The owner of the company Elon Musk previously said that he would open a plant despite a ban from local authorities.