Russia’s AvtoVAZ gets Renault-Nissan license March 21, 2012 - 13:15 AMT PanARMENIAN.Net - The Renault-Nissan alliance has granted a license to Russia's largest car maker AvtoVAZ to produce new types of engines from 2014, Vedomosti daily said on Wednesday, March 21, quoting AvtoVAZ head Igor Komarov. AvtoVAZ expects engine production will reach 450,000 engines per year by 2017. The Russian company plans to supply other plants of the alliance with engines and sell them to other customers. The deal is the first large project for the alliance to produce engines abroad, Komarov added. Renault official told the paper that the new engine was for car production on the B0 platform. AvtoVAZ plans to start production of the Lada Largus on the platform this spring, while Nissan will start making its new Almera model in Tolyatti, AvtoVAZ's main production site, at the end of 2012, RIA Novosti reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
