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Russia’s AvtoVAZ to invest 100 billion rublesin tech upgrade over 3 years

September 11, 2014, 17:56 UTC+3 SAMARA
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SAMARA, September 11. /ITAR-TASS/. Russian car maker AvtoVAZ will invest 100 billion rubles in a technological and model range upgrade over the next 3 years, the company said in a statement Thursday, citing President Bo Andersson.

“We will invest about 100 billion rubles to modernize our equipment and master new products,” Andersson said, adding that the company will rely on suppliers operating in Russia.


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