By on December 12, 2012

With the stroke of a few pens putting signatures under a contract in Moscow today, then Renault-Nissan Alliance has become Russia’s largest automaker. The Alliance took control of AVTOVAZ, maker of the market-leading Lada brand. Lada holds 30 percent of Russia’s rapidly growing car market.

The Renault-Nissan Alliance entered a joint venture with the Russian Technologies State Corporation.  Renault-Nissan will hold 67.13 percent of the joint venture by mid-2014. The joint venture will then hold 74.5 percent of AVTOVAZ. Renault purchased 25 percent of AVTOVAZ in 2008 and then helped AVTOVAZ in its successful turnaround, mainly by replacing outdated Lada cars with Dacia technology.

Two new Lada models, the Largus and Granta, have attracted high demand and the company is sitting on a backlog of six months’ worth of orders, Reuters says.

Get the latest TTAC e-Newsletter!

Recommended

No Comments on “Renault-Nissan In Charge At Russia’s Largest Carmaker...”

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • ajla: “To cling to crude dirty outdated technology out of immature habit or just playing with noisy toys, seems...
  • brandloyalty: “A quarter century has passed since Al Gore make his wild prediction of a 20-foot rise in the sea...
  • mike978: Totally agree – they are rarely used and people who need the space typically buy a minivan.
  • TW5: @ brandloyalty It would be most unfortunate if the UK mandated consumer spending on electric cars and then...
  • mike978: The people who criticize the Mazda CX9 for allegedly having a lack of space (although comparable to the...

New Car Research

Get a Free Dealer Quote

Staff