// IP Marketing video - START// IP Marketing video - END

Russia’s AvtoVAZ gets Renault-Nissan license

Russia’s AvtoVAZ gets Renault-Nissan license

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.

 Top stories
Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data.
Armenia has been listed in the top 20 among the world’s most economically free countries, raking the 18th out of 159 countries and territories.
Another of the issues the PM weighed in on was corruption. He said that new committees will be established to tackle the issue.
The foreign debt makes up around $4.5 billion, including the government’s $3.99 billion and the Central Bank’s $502.4 million debts.
Partner news