Renault in Russia Seen Increasing Share as No. 1 Foreigner: Cars
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Renault SA, which this week outlined plans to boost its Russian supplier network and produce engines with local partner OAO AvtoVAZ, has grabbed a lead in the fast-growing market that Volkswagen and Ford may struggle to follow.
Chief Executive Officer Carlos Ghosn stands to gain more from his three-year pursuit of cooperation with AvtoVAZ after Russia this year introduced regulations penalizing carmakers relying on imported parts.