Russia

•    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.

•    €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.

Seminar of Renault and AvtoVAZ executives, held in Togliatti on 16 July 2010

How can Renault help AvtoVAZ get back on track? How can Renault succeed in Russia with AvtoVAZ? It was to answer those questions that representatives of the two companies' major functions met a couple of weeks ago .

You don’t need me to tell you what a difficult year 2009 was for the global car industry.