Russian flagship automaker AvtoVAZ plans to invest up to RR120 billion ($3 billion) during the next three years in its own operations and its joint venture with General Motors, President Bo Andersson is quoted as saying. The majority of funding reportedly will be used to modernize AvtoVAZ production and renew its model range. The automaker has its eye on increasing local content as much as possible over the next several years, Andersson says. Localization of Lada cars already has reached ...

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