Renault–Nissan is focused on making investments in emerging markets, particularly in Russia and China, Renault–Nissan CEO Carlos Ghosn said in an interview with the Wall Street Journal.

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“The Russian market is picking up again,” Ghosn said. “The Russian market will be one of the largest markets in the world.”

Nissan may buy 10% in Russia’s largest carmaker AvtoVAZ, Russian state-owned industrial conglomerate Rostekhnologii CEO Sergei Chemezov said on 19 November.

Renault–Nissan, Rostekhnologii, and Russian investment firm Troika Dialog currently each own 25% plus one share in AvtoVAZ.

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