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Renault-Nissan's Russian Lada alliance gathers pace

BBC News -- The Renault-Nissan alliance's Russian venture is taking off at last, four years after Renault first acquired a 25% stake in Avtovaz, which owns the Russian car marque Lada.

It has been a rocky period.

Much of the optimism about the fast-growing Russian market that lay behind the deal was wiped out soon afterwards by the global economic crisis, which resulted in car sales in what had been one of the world's fastest growing markets suddenly grinding to a halt.

In September 2009, Avtovaz announced plans to cut 27,600 jobs, more than a quarter of its workforce, after having been rescued from bankruptcy by a 20bn-rouble bailout from then Prime Minister Vladimir Putin during spring that year.

A state-funded scrappage scheme during spring the following year helped lift Avtovaz out of the red.

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Submitted Apr 10, 2012 By: dasAuto

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REPLIES (newest first)Ignore Short Messages

Eliano Champion Author Baltimore Posts:1,412 Points:388,200 Joined:Jun 2011	Message Posted: Apr 10, 2012 11:03:26 PM Ignore Eliano Report Abuse good for them
Tucker16 Champion Author Ottawa Posts:1,191 Points:563,450 Joined:Jul 2006	Message Posted: Apr 10, 2012 8:49:10 AM Ignore Tucker16 Report Abuse I saw a Lada on the road here the other day. My first thought was who in their right mind would still be driving such a pile of garbage?!
dsaine Champion Author North Carolina Posts:3,145 Points:658,245 Joined:May 2011	Message Posted: Apr 10, 2012 8:43:55 AM Ignore dsaine Report Abuse Who cares.
cdrrod Champion Author Wisconsin Posts:4,281 Points:808,550 Joined:Feb 2006	Message Posted: Apr 10, 2012 5:49:08 AM Ignore cdrrod Report Abuse Maybe Lada should expand to other countries...
dsaine Champion Author North Carolina Posts:3,145 Points:658,245 Joined:May 2011	Message Posted: Apr 10, 2012 5:44:01 AM Ignore dsaine Report Abuse Ok.
doeslayersr Champion Author Illinois Posts:9,292 Points:897,755 Joined:Dec 2010	Message Posted: Apr 10, 2012 5:34:26 AM Ignore doeslayersr Report Abuse China and Russia have the money.
Rockyguitar Champion Author Tampa Posts:2,683 Points:1,227,120 Joined:Sep 2008	Message Posted: Apr 10, 2012 5:19:20 AM Ignore Rockyguitar Report Abuse Lada has been building "look alikes" for years. Back in the cold war days some of their limos looked like Lincolns and Buicks.
Chem60 Champion Author Tallahassee Posts:4,008 Points:838,800 Joined:Oct 2010	Message Posted: Apr 10, 2012 4:45:08 AM Ignore Chem60 Report Abuse I thought that Lada was a Russian brand of Fiat. They look a lot alike.
bullet226 Champion Author Toronto Posts:2,716 Points:534,915 Joined:Nov 2010	Message Posted: Apr 10, 2012 4:36:26 AM Ignore bullet226 Report Abuse Lada Yes, a quality brand
OTISFL Champion Author Pensacola Posts:4,740 Points:891,565 Joined:Apr 2009	Message Posted: Apr 10, 2012 4:30:44 AM Ignore OTISFL Report Abuse So what? Who cares about Russia?
farmboyTN Champion Author Tennessee Posts:2,355 Points:470,780 Joined:Feb 2012	Message Posted: Apr 10, 2012 4:20:15 AM Ignore farmboyTN Report Abuse OK
pscamp Champion Author Ottawa Posts:3,510 Points:498,935 Joined:May 2011	Message Posted: Apr 10, 2012 4:17:50 AM Ignore pscamp Report Abuse K
yardslave Champion Author Oklahoma City Posts:2,687 Points:622,555 Joined:Dec 2005	Message Posted: Apr 10, 2012 4:13:27 AM Ignore yardslave Report Abuse Okay...
OHMS Champion Author Orange County Posts:13,860 Points:1,717,570 Joined:May 2005	Message Posted: Apr 10, 2012 1:06:34 AM Ignore OHMS Report Abuse In about four years, the three marques aim to see a whopping 1.6 million cars per year roll out of the plant, making it one of the biggest assembly plants in the world.
RRBC Champion Author Victoria Posts:2,835 Points:554,815 Joined:Oct 2011	Message Posted: Apr 10, 2012 12:55:42 AM Ignore RRBC Report Abuse Just more bad news
btex49 Champion Author Austin Posts:2,835 Points:554,655 Joined:Aug 2011	Message Posted: Apr 10, 2012 12:25:49 AM Ignore btex49 Report Abuse So what?