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01-15-2009, 01:50 AM
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Renault could buy into Avtovaz
Renault could buy into Avtovaz
La Tribune, the leading French business paper, reports that Renault is in discussions with Avtovaz about the sale of a twenty-five per cent stake of the Russian carmaker. Renault, which last year terminated discussions with General Motors, has previously talked about an association with Avtovaz - the company that is best known for the Lada. Renault already produces the Logan model in Russia from Completely Knocked Down kits and is currently the sixth best-selling foreign carmaker. Source : Auto Industry (4/25/2007)
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