Renault, which is based in the Paris suburb of Boulogne- Billancourt, paid $1 billion for its stake in AvtoVAZ in 2007.
Jeremy van Loon and Laurence Frost -
BLOOMBERG - December 15, 2009
Will we ever see the product of such an alliance here in the US? --Ed.
Renault SA would consider cooperating with OAO AvtoVAZ on electric cars after the Russian manufacturer completes its reorganization, Chief Operating Officer Patrick Pelata said.
The French carmaker, which owns 25 percent of AvtoVAZ, has discussed the possibility of jointly developing the models in Russia, Pelata said.
“The mayor of Moscow is starting to seriously consider electric vehicles because of the pollution,” Pelata said in an interview in Copenhagen, where Renault is presenting electric- powered cars during the United Nations-sponsored talks on climate change.
Renault plans to start offering electric vehicles in its largest markets in 2011 to match a “strong trend” in demand as fuel production fails to keep pace with growth in car usage once the global recession ends, Pelata said. Sales will increase fastest in China and India, he said.
Oil production “won’t come at the right speed,” the French executive said. “After the crisis, the oil price will go up and the positive trend for electric vehicles will keep getting stronger.”
Demand in Russia for cleaner cars is likely to increase more slowly because of the extent of the country’s economic crisis, Pelata said. Discussions with Togliatti-based AvtoVAZ on low-emissions technology have not been “deep” because of the...
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