French banking group Societe Generale (SG) will provide an EUR171.5m 7-year loan to AvtoVAZ, the company said in a statement today.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


AvtoVAZ will use the funds to finance license agreements that the company concluded with  Renault in October 2008.


Under the agreements, which are worth a total of EUR220m, AvtoVAZ expects to buy licenses from Renault for two types of engines, as well as for R90 and F90 Logan cars and the B0 platform.


The licenses will give AvtoVAZ the rights for assembly and distribution, Prime-Tass reported.


Of the total, AvtoVAZ has already paid EUR55m in advance for the licenses, the report added.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact