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AddRenault and AutoVAZ considering joint venture to build electric cars

Renault Fluence ZE Concept - Click above for high-res image gallery

33Russian PM Putin reportedly tells Renault to put up or get out

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.

4REPORT: Russian conglomorate plans merger of top three automotive brands

Kamaz Dakar rally team in Moscow's Red Square

11BREAKING: Renault enters strategic partnership with AutoVAZ

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

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