AvtoVAZ to start production a Lada sedan based on Renault platform
While talks are ongoing between Renault and partner Nissan to increase their stake in AvtoVAZ (Russia's biggest automaker), there’s already a plan for AvtoVAZ to begin production of a... Read more
Nissan and Renault to buy controlling stake of Russia’s AvtoVAZ
Nissan Motor Co. and Renault may enter into a deal to purchase control of AvtoVAZ, which is the biggest car manufacturer in Russia, chief executive officer Igor Komarov of the Russian... Read more
Steve Mattin, former Volvo design boss, joins Russian brand Lada
AvtoVAZ has appointed Steve Mattin to be the design boss of its Russian brand Lada effective October 1, 2011. Mattin is a former Volvo Cars design chief. At Volvo, which he joined in 2005... Read more
Renault-Nissan alliance to asume control of AvtoVAZ this month
The alliance of Renault SA and Nissan Motor Co. is aiming to reach a deal next month to assume a dominant ownership of OAO AvtoVAZ, according to two people who are familiar with the... Read more
Renault likely to raise stake in AvtoVAZ to 35 percent
Renault SA is likely to increase its ownership of AvtoVAZ, the largest vehicle manufacturer in Russia, to 35 percent, while Nissan Motor Co. may obtain 15 percent, Carlos Ghosn, the chief... Read more
Shares of AvtoVAZ went up after the company returned to profit
Shares of AvtoVAZ went up for a second day after it revealed that it has returned to profitability last year due primarily to a car scrapping program supported by the Russian government.... Read more
Renault denied it was in talks with AvtoVAZ to boost its stake
A denial was issued by Renault on news that it is in discussions with Russia's Troika Dialog about buying the bank's stake in AvtoVAZ, Russia's largest automaker. Renault CEO Carlos Ghosn... Read more
AvtoVAZ returned to profit in the first half with a net profit of $102 million
In the first half of the year, AvtoVAZ was able to become profitable once again with a net profit of 3.1 billion rubles ($102 million). The Russian carmaker attributes the revival to... Read more
Renault to sign a rescue deal for the near-bankrupt AvtoVAZ
The action of AvtoVAZ shareholders to rescue the near-bankrupt company came just in time. A rescue deal is set to be signed by the parties on Friday. The signing, which is participated in... Read more
Renault agrees a plan to save ailing carmaker Avtovaz
Avtovaz will be saved from collapse by the team-up of Renault and the Russian government. It can be recalled that Renault bought a 25% stake in Avtovaz in February 2008. However, the... Read more
Renault receives ultimatum from Putin to fund AvtoVAZ
Everyone's waiting to see how French automaker Renault SA would respond to Russian Prime Minister Vladimir Putin's ultimatum to help Russian automaker AvtoVAZ or see its stake reduced.... Read more
Renault to invest more in Russian carmaker AvtoVAZ
At a news conference held recently, Russian First Deputy Prime Minister Igor Shuvalov said that he has gotten Renault's confirmation of its willingness to invest in AvtoVAZ, the troubled... Read more
Russia’s carmaker AvtoVAZ plans to build Nissan cars
Due to the economic crisis, plans came up for AvtoVAZ's factories to build Nissan's B segment cars starting 2012. Vitaly Vilchik, AvtoVAZ's acting vice president, said that the company... Read more
Fiat planning to produce up to 500,000 vehicles a year in Russia
S.p.A.'s 2.4 billion euro ($3.29 billion) joint investment with its local partner, Sollers, the plan is to produce up to 500,000 Fiat and Chrysler vehicles a year in Russia. The Russian... Read more
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