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Last updated on April 17, 2014 at 15:32 EDT

Vladimir Putin Inaugurates Newest Russian Assembly Line, Marking Latest Milestone in Renault-Nissan and AVTOVAZ Partnership

April 4, 2012

TOGLIATTI, Russia, April 4, 2012 /PRNewswire/ –

        - EUR400 million investment generates capacity of up to 350,000 cars
          annually across three brands.
        - After Lada Largus, separate models from Nissan and Renault will follow.
        - This new production line contributes to the three partners' common goal:
          achieve capacity of at least 1.6 million vehicles per year in Russia by 2016.

Russian Prime Minister Vladimir Putin inaugurated a new car manufacturing facility
today, marking the latest milestone in the expanding Renault-Nissan Alliance and AVTOVAZ
partnership.

(Photo:
http://www.newscom.com/cgi-bin/prnh/20120404/523582-a )

(Photo:
http://www.newscom.com/cgi-bin/prnh/20120404/523582-b )

Executives including AVTOVAZ President Igor Komarov, Renault Chief Operating Officer
Carlos Tavares and Nissan Chief Operating Officer Toshiyuki Shiga hosted Putin at the “Job
One” ceremony at the AVTOVAZ plant in Togliatti, the largest assembly plant in the world.
The first car off the new line was the Lada Largus multi-purpose van.

EUR400 million were invested into this 250,000-square-meter industrial complex, which
will take full advantage of the Renault-Nissan Alliance’s expertise in engineering and
cost savings. The complex hosts the new production line inaugurated today. The line has a
maximum capacity of 350,000 cars per year and will produce vehicles for the three brands -
Renault, Nissan and AVTOVAZ. Production starts with two new Lada models, followed by a
Nissan vehicle later in 2012, and two Renaults in 2013. Five separate models will be
produced across the three companies, reducing costs while preserving the unique
characteristics of each brand.

“Our collaboration is deepening every day and increasing economies of scale across the
Alliance,” said Renault-Nissan Alliance CEO and Chairman Carlos Ghosn. “It’s a win-win for
all parties – and the benefits keep accelerating as Russia becomes Europe’s economic
engine of growth.”

A solid partnership

The partnership started in 2008, when Renault bought a 25% stake in AVTOVAZ and began
the transfer of technology and know-how to AVTOVAZ manufacturing facilities.

“We initiated our project of a common production line in Togliatti two years ago, in
the most difficult times for the economy – so it’s a great honor to see it come to
fruition today,” said AVTOVAZ President Igor Komarov. “Our partnership continues to grow
deeper by the day.”

For the full release, click here:

http://blog.alliance-renault-nissan.com/sites/default/files/201204_The_Alliance_Press_Release.pdf

http://blog-alliance-renault-nissan.com


    Photo: 

http://www.newscom.com/cgi-bin/prnh/20120404/523582-a

http://www.newscom.com/cgi-bin/prnh/20120404/523582-b

SOURCE Renault-Nissan


Source: PR Newswire