It seemed like a good idea at the time, but with hindsight being 20-20, how many failed ventures can be summed up by that same excuse? Just last year, Russia was looking to foreign investors as one of the most promising emerging markets in the world. Renault got locked into a bidding war with Fiat and General Motors for a large stake in Autovaz, Russia's largest automaker, known to consumers for producing Lada.
var digg_url = 'http://digg.com/business_finance/Renault_enters_strategic_partnership_with_Russia_s_AutoVAZ'; Last year, AutoVAZ said it was looking to purchase platforms from a European auto manufacturer for use in a range of new products. Earlier today in Togliatti, Russia the search came to an end. Renault CEO Carlos Ghosn signed a Memorandum of Understanding with the head of Russian Technologies, AutoVAZ chairman Sergey Chemezov and Troika Capital Partners president Serguei Skvortsov. The