Renault-Nissan Takes Over AvtoVAZ, Plans to Revive Lada and Increase Sales in Russia

With the Eurozone debt crisis stifling new car sales, auto manufacturers are looking elsewhere to make up for lost ground. China may be the world’s largest market but after years of rapid expansion, it shows signs of slowing down.

New car sales in Russia, on the other hand, increased last year by 40 percent to more than 2.6 million vehicles. Even though the rate of increase is expected to cool down, with 2012 sales estimated to be around 2.9 million units, it is still a very interesting prospect.

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