VIENNA – Renault says it will produce engines in Russia, complying with one of the key provisions in the country’s Decree 166 automotive policy framework: localization of engine and gearbox output. Timing is unclear, but Renault’s partners AvtoVAZ, maker of Lada vehicles, and Nissan will help the project reach the necessary economies of scale. “When you localize engines and gearboxes, you localize one first and pay a lot for the entry ticket – the necessary investments are huge, and ...

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