Company news

•    Renault-Nissan and state corporation Russian Technologies will form joint venture to accelerate product launches and technology transfer to AVTOVAZ, Russia’s largest carmaker.
•    Renault-Nissan will invest about US$750 million, and Russian Technologies will favorably restructure debt as they form the joint venture.
•    Renault-Nissan will get a majority stake in the joint venture, which will control AVTOVAZ; transaction is expected to be complete in 2014.
    
PARIS – May 3, 2012 -- The Renault-Nissan Alliance and state corporation Russian Technologies have agreed to create a joint venture and give the Renault-Nissan Alliance an indirect majority stake in AVTOVAZ, according to a new memorandum of understanding.

The Renault-Nissan Alliance team caught up with CEO Carlos Ghosn at the New York international auto show and began by asking him about the Alliance’s latest industrial offensive in emerging markets - the opening of a new production facility at the Togliatti plant in Russia. Four hundred million euros are being invested into the new 250,000-square-meter industrial complex that will add capacity of up to 350,000 cars per year – Renault and Nissan models, as well as AVTOVAZ Ladas.

Watch the video interview here.

•    €400 million investment generates capacity of up to 350,000 cars annually across three brands.
•    After Lada Largus, separate models from Nissan and Renault will follow.
•    This new production line contributes to the three partners’ common goal: achieve capacity of at least 1.6 million vehicles per year in Russia by 2016.

TOGLIATTI, Russia – April 4, 2012 -- Russian Prime Minister Vladimir Putin inaugurated a new car manufacturing facility today, marking the latest milestone in the expanding Renault-Nissan Alliance and AVTOVAZ partnership.

March 26 - Iwaki, Fukushima – Nissan CEO Carlos Ghosn returned to the automaker’s Iwaki factory Monday, a little more than one year after a devastating earthquake temporarily crippled production.

Ghosn, touring the plant he last visited in May 2011, described Iwaki’s recovery as miraculous.

“It has been remarkable. The plant has produced 300,000 engines this year, even though these events have happened,” Ghosn told the Global Media Center.