Diplomats on Russia's ambassador to UN's death: 'Tremendous loss for all of us'World February 20, 21:58
Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
Russian experts made no firm conclusions on resumption of flights to Egypt in near futureBusiness & Economy February 20, 20:03
Foreign Ministry elaborates draft presidential decree toughening North Korea sanctionsRussian Politics & Diplomacy February 20, 19:56
Russia and UAE to discuss upgrade of Pantsyr-S antiaircraft missile/gun systemsMilitary & Defense February 20, 18:26
Russia signs large contract on delivery of T-90MS main battle tanks to Middle EastMilitary & Defense February 20, 18:13
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.