Monday, September 29, 2008
AvtoVav buys rights from Renault
AvtoVAZ pays Renault €220m for right to use low-cost sedan to underpin next Lada range
Russia's largest carmaker, AvtoVAZ, will pay Renault €220 million to allow it to build Lada cars based on the Logan. AvtoVAZ will pay Renault €100 million for licensing rights to the B0 platform, which underpins the Logan range developed and built by Renault's Romanian subsidiary Dacia. It will pay €120 million for licensing rights to two Renault engines for the next generation of Ladas.
DATED: 29.09.08
FEED: ANE
Russia's largest carmaker, AvtoVAZ, will pay Renault €220 million to allow it to build Lada cars based on the Logan. AvtoVAZ will pay Renault €100 million for licensing rights to the B0 platform, which underpins the Logan range developed and built by Renault's Romanian subsidiary Dacia. It will pay €120 million for licensing rights to two Renault engines for the next generation of Ladas.
DATED: 29.09.08
FEED: ANE
