Bank Of Baku

Renault to invest tech in Avtovaz

Renault to invest tech in Avtovaz
# 09 October 2009 11:26 (UTC +04:00)
Baku– APA-Economics. France’s carmaker Renault will invest in Avtovaz by providing technologies, a senior Russian official said on Thursday, suggesting that the struggling Russian firm will not ask Renault for cash, Reuters reported.

’They confirm that they are ready in invest in Avtovaz’ development and provide the most advanced technologies which will be evaluated in the most transparent way,’ First Deputy Prime Minister Igor Shuvalov told reporters.
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