8 Oct 2009 18:54

Renault will provide Avtovaz with technology after valuation

TOGLIATTI. Oct 8 (Interfax) - French Renault might provide technologies to Avtovaz once it has determined their value, First Deputy Prime Minister Igor Shuvalov said during a visit to the Russian carmaker.

"The talks between the shareholders - Rostekhnologii and Renault - are ongoing. They held meetings today. The French partners confirm their interest in participating in the enterprises, their intention of seriously investing in development," Shuvalov told journalists.

"The technologies will be valued and valued transparently. After that they may be provided to Avtovaz," he said. Afterwards production of new models based on Renault technology might be organized at Avtovaz, he said.