VIENNA – OAO Avtoframos, the Moscow-based car plant controlled by Renault SA and the city of Moscow, will double its annual production capacity from 80,000 to 160,000 cars by 2009. Under a new agreement, Renault will invest $150 million and the city of Moscow will provide land and buildings needed for the expansion of the plant. Inaugurated in April 2005, the facility will be expanded to include the adjacent land of now-bankrupt auto maker OAO Moskvich. Avtoframos currently builds the ...
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