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.
      
      
      
       reuters.com
       auto.lenta.ru


Author: Ksenia Dzhalagonia

Tags: Russian business cars invest   

Next Previous


You might also find interesting:

Net Capital Outflow from Russia Increased by 65.9%
12.10.2020
Restrictive Measures for Moscow Business have been Extended until May 31
08.05.2020
New Rules for Controlling Cash Transactions Came into Force in Russia
11.01.2021
Skolkovo Foundation Temporarily Stopped Issuing Grants
15.07.2020
Moscow Put up for Auction 68 Properties at Discounted Prices for SMEs
14.09.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Farming  freedom of press in Russia  travel to Russia  Russian business  coronavirus  advertising  Mikhail Fokin  Russian army  Lebedev  St. Petersburg  Adler  Polina Gagarina  CSKA  Nikita Bogoslovsky  Olympic Games 2012  treason law  Ruza  Russian directors  Navalny  Vladimir  VTB  Russian Railways  Stavropol Territory  North Caucasus  Mercedes-Benz Fashion Week Russia  Russian regions  Rostov Region  Russian Cinema  corruption in Russia  Rashid Nurgaliyev  Festivals in Moscow  Bolshoi St. Petersburg Circus  Mosow State University  Russian GDP  Orthodoxy  Alessandro Papetti  Netflix  Izmailovo Park  Russias GDP  tarvel to Russia  Russian education  Exhibitions in Moscow  Moscow  Rock Music  Peterhof  Russian Film Directors  Russian tourism  Russian International  Non-Conformists  Resources 


Travel Blogs
Top Traveling Sites