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Vladimir Putin Inaugurates Assembly Line in Renault-Nissan and AvtoVAZ Partnership

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Vladimir Putin Inaugurates Assembly Line in Renault-Nissan and AvtoVAZ Partnership Empty Vladimir Putin Inaugurates Assembly Line in Renault-Nissan and AvtoVAZ Partnership

Mensaje  cclan Jue Abr 12, 2012 11:43 am

Vladimir Putin Inaugurates Assembly Line in Renault-Nissan and AvtoVAZ Partnership

TOGLIATTI, RUSSIA—Russian Prime Minister Vladimir Putin inaugurated a
new car manufacturing facility, marking the latest milestone in the
expanding partnership between Renault-Nissan Alliance and AvtoVAZ, the
Russian automobile manufacturer formerly known as VAZ, but better known
to the world under the trade name Lada.

Four hundred million
euros were invested into this 250,000-square-meter industrial complex.
The complex hosts the new production line inaugurated in early April.
The line has a maximum capacity of 350,000 cars per year and will
produce vehicles for the three brands: Renault, Nissan and AvtoVAZ.

This
new production line contributes to the goal of achieving capacity of at
least 1.6 million vehicles per year in Russia by 2016.

"Our
collaboration is deepening every day and increasing economies of scale
across the Alliance," says Renault-Nissan Alliance CEO and Chairman
Carlos Ghosn. "It's a win-win for all parties—and the benefits keep
accelerating as Russia becomes Europe's economic engine of growth."

The
partnership started in 2008, when Renault bought a 25% stake in AvtoVAZ
and began the transfer of technology and know-how to AVTOVAZ
manufacturing facilities.

Executives including AvtoVAZ President
Igor Komarov, Renault COO Carlos Tavares and Nissan COO Toshiyuki Shiga
hosted Putin at the "Job One" ceremony at the AvtoVAZ plant in
Togliatti, the largest assembly plant in the world. The first car off
the new line was the Lada Largus multi-purpose van.
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