Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Renault and Nissan to Invest 2 Billion Dollars in AvtoVAZ
3.06.2011 15:08
Renault and Nissan to Invest 2 Billion Dollars in AvtoVAZ

The Nissan-Renault alliance is planning to invest in Russia's largest automaker Avtovaz up to 2 billion dollars.
       The investment will allow companies to boost car sales in Russia up to 1.6 million purchases in four years. Nissan and Renault plan to get a combined stake in Avtovaz of at least 50%.
       The move comes after the Russian government asked foreign carmakers to boost their production in return for continued special treatment on taxes on imported car parts, according to the Reuters.
       In addition, by the end of 2010 year Renault, Nissan and AvtoVAZ sold 697,9 cars in Russia.

Author: Ksenia Dzhalagonia

Tags: Russian business cars invest   

Next Previous

You might also find interesting:

New E-invoicing Service Launched
Rostech Corporation May Allow Producing Narcotic Substances For Medical Purposes
It Will Take Another Three Years to Produce Domestic Parmesan In Russia
Sberbank Gives Lectures On Coursera
Huawei Starts Cooperation With Sberbank

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Russian politics  Igor Semshov  The Maly Drama Theatre  technology  air carriage fare  Anton Chekhov  Giulio Di Sabato  archaeological expedition  corruption in Russia  Pyotr Konchalovsky  Russian Cinema  US sanctions  Moscow actions  Russian business  Vika Smolyanitskaya  animation  Exhibitions in Moscow  Olga Della-Vos-Kardovskaya  Perm  Russian people  Mercedes-Benz Fashion Week Russia  Painting  Dagestan  Archeology  Lebedev  Russian Literature  Russian history  animals  Mikhail Khodorkovsky  Beat Weekend Film Festival  environment  Russian tourism  Igor Sechin  Moscow  IMAX  scientific research  Shaltay Boltay  Saint Petersburg  Rainbow On The Ice  ROSCOSMOS  Russian Railways  Art Criticism  Moscow City Day  LGBT in Russia  Syria  Modern Russian Literature  tokamak  Katsuhito Nakazato  Russian children  hydrocarbon fuel 

Travel Blogs
Top Traveling Sites