Renault-Nissan to take over Russian car industry

A new life begins for Russia’s LADA cars – as Renault-Nissan has signed a deal with Avtovaz and Ros -Technologies corporation to take control over the Russian carmaker. The companies are creating a joint venture, where Renault-Nissan will get 50% + 1 share by 2014, while providing another 750 million dollars of investment. RT’s Dmitry Medvedenko caught up with the head of Renault-Nissan, and started by asking how much money the conglomerate has already spent on the troubled Russian brand.

Get more of PTR on our website

FOLLOW us on Twitter
LIKE us on Facebook

Prime Time Russia is the first TV show for an English-speaking audience in Russia. Weekdays from 8-9pm: the latest news, politics, business, sport and cultural events discussed live. A Russian survival guide, venue reviews — even business start-up advice.