Russia’s AvtoVAZ gets Renault-Nissan license March 21, 2012 - 13:15 AMT PanARMENIAN.Net - The Renault-Nissan alliance has granted a license to Russia's largest car maker AvtoVAZ to produce new types of engines from 2014, Vedomosti daily said on Wednesday, March 21, quoting AvtoVAZ head Igor Komarov. AvtoVAZ expects engine production will reach 450,000 engines per year by 2017. The Russian company plans to supply other plants of the alliance with engines and sell them to other customers. The deal is the first large project for the alliance to produce engines abroad, Komarov added. Renault official told the paper that the new engine was for car production on the B0 platform. AvtoVAZ plans to start production of the Lada Largus on the platform this spring, while Nissan will start making its new Almera model in Tolyatti, AvtoVAZ's main production site, at the end of 2012, RIA Novosti reported. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news Brad Pitt’s “World War Z” to open Moscow Film Fest  The fest will feature retrospectives of films by Bernardo Bertolucci and Costa Gavras, as well as a program devoted to Dutch cinema.Wrekin Hill picks up John Malkovich’s “Siberian Education” Based on the novel by Nicolai Lilin, the film is set in the ghetto of Soviet Russia and follows 2 boys who are members of a gang of exiled Siberians.Germans blame Merkel’s stance in eurozone crisis for Eurovision debacle Chancellor Angela Merkel is loathed in parts of Europe for her insisting on painful austerity measures in Greece, Spain and Italy.China’s PM visits India to settle boundary row, boost ties China says Li Keqiang choice of India for his first trip abroad shows the importance Beijing attaches to improving relations with New Delhi. |
