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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   

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