US visa suspension move tramples on idea of freedom — senior Russian diplomatRussian Politics & Diplomacy August 23, 6:19
Bout barred from calling out of US jail, meeting relatives for 2 months - lawyerWorld August 23, 4:57
Russia marking day of defeat of Nazi forces in world’s biggest-ever armor operationSociety & Culture August 23, 3:18
Ukrainian president briefs other Normandy Four leaders about his trip to DonbassWorld August 23, 2:23
Normandy Four leaders support expected ceasefire in Ukraine — KremlinRussian Politics & Diplomacy August 23, 0:27
Russia beginning development of response to new anti-Russian sanctions by USRussian Politics & Diplomacy August 22, 23:14
Investigators claim to have enough evidence to prove Serebrennikov guilty of fraudRussian Politics & Diplomacy August 22, 21:35
Washington tries to use events in Khan Shaykhun to justify its strike on Syria — MoscowRussian Politics & Diplomacy August 22, 21:31
Egypt to receive 15 Russian 'Alligator' helicopters in 2017Military & Defense August 22, 19:57
MOSCOW, August 8 (Itar-Tass) - MosavtoZiL, ZIL’s full subsidiary, may sign an agreement with Renault and Fiat in late August or early September to launch a contracted production of light commercial vehicles (LCV) under these car brands, MosavtoZiL Director General Igor Kulgan told Itar-Tass on Thursday.
He confirmed the fact of negotiations, but did not comment on the terms of the possible agreement.
“We are conducting negotiations, but it is premature to say about an agreement so far. We will announce everything in September, or probably in late August,” Kulgan noted.
The LCV production may be launched in the first quarter of 2014, the annual design capacity of 50,000 light commercial vehicles of both car brands (by 25,000 LCVs of each car brand), Itar-Tass reported. The first car models are expected to be Fiat Ducato and Renault Master. The launch of LCV full-cycle production with annual output of 50,000 cars would cost $200 million. ZIL will act as the main investor.
The LCV production is already localized by Ford in Tatarstan and Daimler in Nizhny Novgorod on the GAZ premises.