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Christopher Bruce2013-07-02 15:37:57

Carlos Ghosn Takes Over as Board Chairman of AvtoVAZ

Renault-Nissan will use the Russian factories to build its cars.

 
 
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Ghosn has taken over as chairman of AvtoVAZ

RenaultRenaultRenaultFrance, 1898 > present189 models
6115 photos
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-NissanNissanNissanJapan, 1932 > present159 models
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Alliance CEO Carlos Ghosn has been elected chairman of Alliance-owned Russian automaker AvtoVAZVAZVAZRussian Federation, 1966 > present8 models
47 photos
4 videos
. Renault-Nissan bought a controlling stake in AvtoVAZ last year and will increase ownership to 74.5% by mid-2014. It first purchased 25% of AvtoVAZ in 2008. Renault-Nissan executives now control eight of the 15 seats on the AvtoVAZ board of directors.

"The alliance is committed to providing the resources and expertise necessary to transform AvtoVAZ into a world-class car manufacturer," said Ghosn.

Renault-Nissan has already begun using AvtoVAZ’s Russian factories to build its cars, and Nissan will use them even more soon to build its new DatsunDatsunDatsunJapan, 1931 > 198636 models
186 photos
models for the Russian market.

Source: Automotive News Europe

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