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AVTOVAZ, Renault-Nissan to produce new generation engines from 2014

March 20, 2012, 15:18 UTC+3
Komarov said that in the beginning of April AVTOVAZ would start producing a new car model – Lada Largus
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MOSCOW, March 20 (Itar-Tass) — Russia’s major car producer AVTOVAZ jointly with the Renault-Nisan alliance will produce from 2014 engines of a new generation, President of AVTOVAZ Igor Komarov told the 15th Russian Automobile Forum on Tuesday.

“We have received a license and by 2014 shall start producing engines of a new generation,” he said. By 2017, the production capacity will be 450,000 engines and the company will start supplies to other plants of the Renault-Nissan alliance in Russia.

Komarov said that in the beginning of April AVTOVAZ would start producing a new car model – Lada Largus.

Main shareholders of AVTOVAZ are Rostechnologii state-run corporation, France’s Renault and Russia’s Troika Dialog /25 percent of shares each/. The alliance plans to increase its share in the company to a controlling stock.

AVTOVAZ is a full-fledged participant in the Renault-Nissan alliance. It plans be producing at its facilities in 2020 up to 1.2 million vehicles branded Renault, Nissan and Lada.

 

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