RUSSIAN GOVERNMENT, RENAULT, NISSAN AIM TO PROTECT LADA BRAND
October 1st, 2009
BY KEITH NUTHALL
MODERNISED Lada models are expected to become available from 2012, with the Russian mark being bankrolled by its Renault and Nissan partners. The French car maker's Christian Esteve told Russian state news agency Itar-Tass that his company's US$1 billion investment in 2008 would lead to new "modern and appealing" Ladas, benefiting from Renault technology. Lada-maker AvtoVAZ's president Igor Komarov has confirmed that Renault and Nissan would provide 75% of the costs of new production, with his company providing the rest.
However, the ...
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