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07 Feb
15:13

AVTOVAZ concludes acquisition of former Nissan Russia plant

Russian carmaker AVTOVAZ expects to produce up to 10,000 cars in 2023 at the former Nissan plant in St. Petersburg, depending on the dynamics of demand in the Russian car market, says AVTOVAZ president Maxim Sokolov.  Last Thursday, the company announced the closing of a deal to acquire a stake in the authorised capital of Nissan Manufacturing RUS. The relevant documents were signed by Sokolov and Fedor Nazarov, general director of NAMI, subsidiary of Ru…
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