• Kyodo

  • SHARE

Renault SA said Thursday it and Nissan Motor Co. will jointly invest about $750 million to acquire a majority stake in Russia’s largest carmaker, Avtovaz.

The Renault-Nissan alliance will hold its majority stake in Avtovaz through a joint venture to be formed with Russia’s state company, Russian Technologies. Under their agreement, the joint venture will own 74.5 percent of Avtovaz, Renault said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW