Renault-Nissan's intention to invest directly in the Russian market, taking over the fortunes of AvtoVAZ and bringing Lada back to life, Carlos Ghosn announced.
The Russian market is one of the least developed, showing an increase, for the 2011, in new car sales, of his class 40%, with 2,6 million units! The forecast-estimate for the 2012, indicates a further increase, with something less than 3 million units. With these data, the rumored intention of Renault-Nissan to invest in the Russian market;, immediately metamorphoses, with the CEO of the Group, Carlos Ghosn, to move to Moscow, to sign the agreement.

The agreement in question includes its acquisition 67,13%, up to 2014, when and the rate will increase to 74,5% της AvtoVAZ, with the Franco-Japanese group investing approx 742 million dollars. In the immediate footage, is the “restoration” -to Dacia standards- of the faltering Lada, with production 1,4 million units to 2015.

“Russia will be, up to 2015, the largest car market in Europe. It is fully competitive and that is why the biggest car manufacturers have transferred part of their operations there. In everything,what about Lada, soon and for a long time, will become the leading brand in Russia”, was Carlos Ghosn's comment.