Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Khristenko on Car Deal

A second international alliance in the auto industry may soon appear, Industry and Trade Minister Viktor Khristenko said Wednesday.

“All work is nearly completed,” he said, Interfax reported. “I think the negotiations will be over in two weeks.”

While the first global alliance refers to AvtoVAZ’s partnership with Renault and Nissan, Khristenko said only that the second would incorporate some foreign companies already working in Russia.

The ministry is preparing a plan for the industry, which will be presented at a Cabinet meeting Feb. 25.

(MT)