Car manufacturers and the iPhone generation

604 More

Earning the right to be successful

587 More

Knowledge is power

681 More

Selling cars – it’s all about timing

967 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Renault ‘willing’ to assist in Avtovaz rescue

A top Russian official has said that Renault had expressed willingness to invest in Avtovaz although the French company said it had no plans to inject cash into its ailing Russian affiliate.

The remarks by Igor Shuvalov, Russia’s first deputy prime minister, come a few days after prime minister Vladimer Putin said Renault needed to invest in the turnround of Avtovaz, or see its 25% stake diluted.

Mr Shuvalov said: “They [Renault] confirmed that they have a strategic interest in Avtovaz’s development, and they are prepared to invest in the company’s growth.”

He said the level of Renault’s investment had yet to be determined and would only be clear after ‘the necessary evaluation’.

Renault said it was reviewing several options to help Avtovaz.

Source: Financial Times

Oct 8, 2009MTI
  • Nissan and Renault alliance announce deal with Daimler
  • Renault to top up the French scrappage scheme for 2 months
  • Saab – Sweden rules out state rescue
  • Mercedes and Renault in collaboration deal
  • Renault to challenge Tata’s Nano
  • Lada manufacturer Avtovaz to cut 27,600 jobs
  • EU pledges scrutiny on Opel deal Your first deal is your best and this one's a cracker!
    MTI
    13 years ago Manufacturers, News45
    Most viewed
    Top 100 UK Dealer Groups
    39,531 views
    The car sales process and the “9 point plan”
    11,562 views
    webuyanycar review – They will buy any car but beware of the asterisk
    6,046 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes