VIENNA – OAO IzhAvto, the Russian auto maker based in Izhevsk, postpones a plan to build the Kia Cerato due to negotiations over the sale of the plant. Uncertainty regarding whether and how long Kia assembly could be continued in the event of a change of ownership is stated as the reason. Cerato assembly was to begin this fall. Lada maker OAO AvtoVAZ and its partner and shareholder Renault SA are considering buying the IzhAvto facility in an attempt to increase production. The SOK Group ...
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