VIENNA – The Renault-Nissan Alliance joins state-owned Russian company Rostekhnologii (Russian Technologies) in a joint venture that will hold a majority stake in AvtoVAZ, Russia’s largest auto maker. The JV called Alliance Rostec Auto, which is registered in the Netherlands, will serve as a stable, long-term operator of AvtoVAZ, maker of the Lada brand. Renault plans to hold a controlling 50.1% stake by June 2014. The French auto maker says the alliance will spend RR23 ...
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