Support The Moscow Times!

Nissan, Renault Invest $2Bln

TOKYO — Nissan Motor and its partner Renault are planning to invest as much as $2 billion in Russia by 2015, Japan's Nikkei business daily reported Friday, citing the Russian government.

They will join with AvtoVAZ, which is 25 percent-owned by Renault, to boost combined sales to at least 1.6 million vehicles per year by 2015.

Nissan and Renault have plans to take a combined stake in the Russian company of at least 50 percent, with Nissan taking more than half of the remaining 25 percent, Carlos Ghosn, chief executive of both Nissan and Renault, said in February.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.