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Renault, Nissan to buy Russian automaker

MOSCOW, Russia - Russian Industry and Trade Minister Denis Manrurov (L) and Nissan Motor Co. President Carlos Ghosn chat during a signing ceremony in Moscow on Dec. 12, 2012, as Nissan and Renault SA inked a deal to take control of Russia's largest automaker Avtovaz.

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Renault, Nissan finalize deal to buy Avtovaz

MOSCOW, Russia - Carlos Ghosn, president and chief executive officer of Nissan Motor Co., who also heads Renault SA, holds a press conference in Moscow on Dec. 12, 2012. The Renault-Nissan alliance inked a deal the same day to take control of Russia's largest automaker Avtovaz, aiming to further increase their market share there.

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Russia firm produces car developed with Renault, Nissan

TOLYATTI, Russia - Toshiyuki Shiga (front), chief operating officer of Nissan Motor Co., signs the first new passenger vehicle produced at a factory of Russia's largest automaker AvtoVAZ, in a production launch ceremony at the factory in Tolyatti, central Russia on April 4, 2012, observed by Russian Prime Minister Vladimir Putin (R). AvtoVAZ began producing the vehicles jointly developed with its partners, Renault SA and Nissan.

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Renault-Avtovaz partnership

MOSCOW, Russia - Russian Prime Minister Vladimir Putin (R) shakes hands with Renault S.A. Chairman Carlos Ghosn at the premier's official residence in a Moscow suburb Nov. 2, 2010. Putin and Ghosn agreed on a possible increase in the Nissan-Renault alliance's stake in Russia's largest automaker Avtovaz.

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Russia firm produces car developed with Renault, Nissan

TOLYATTI, Russia - Toshiyuki Shiga (front), chief operating officer of Nissan Motor Co., signs the first new passenger vehicle produced at a factory of Russia's largest automaker AvtoVAZ, in a production launch ceremony at the factory in Tolyatti, central Russia on April 4, 2012, observed by Russian Prime Minister Vladimir Putin (R). AvtoVAZ began producing the vehicles jointly developed with its partners, Renault SA and Nissan. (Kyodo)

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Renault-Avtovaz partnership

MOSCOW, Russia - Russian Prime Minister Vladimir Putin (R) shakes hands with Renault S.A. Chairman Carlos Ghosn at the premier's official residence in a Moscow suburb Nov. 2, 2010. Putin and Ghosn agreed on a possible increase in the Nissan-Renault alliance's stake in Russia's largest automaker Avtovaz. (Kyodo)