Renault to commit 300 mln euro to AvtoVAZ - Putin

Newswire

RAMBOUILLET, France, Nov 27 (Reuters) - Russia's Prime Minister Vladimir Putin said on Friday French car maker Renault will commit 300 million euros to ailing Russian car firm AvtoVAZ via a technology transfer. He said Renault may in the future invest directly in AvtoVAZ, which is due to receive 50 billion roubles ($1.73 billion) in aid from the government. Putin added AvtoVAZ and Renault also plan to start assembling Nissan models in Russia's Far East. (Moscow Newsroom, + 7 495 775 12 ...

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