13 Jul 2010 13:13

Renault, Avtovaz to conduct joint management session on July 16

MOSCOW. July 13 (Interfax) - The management boards of Renault and Avtovaz will hold a joint session in Togliatti on July 16, Avtovaz President Igor Komarov said at a meeting with Prime Minister Vladimir Putin.

"An important stage will occur on July 16, 2010, when a joint meeting of the two companies' entire management boards is held in Togliatti. We will discuss practical steps toward implementing our plans in various areas, including creation of 'supplier panels,' development of new research, launch of new models, new projects, and determination of the volume of investment and priority development areas," Komarov said.

The Rostekhnologii state corporation, Troika Dialog and Renault each own 25% plus one share in Avtovaz.