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Renault-Nissan aims to increase its stake in Avtovaz, giving the alliance majority control over Russia's largest automaker. The deal will likely see Renault and Nissan vehicles manufactured beside Lada models in the near future. Avtovaz recently finished a new production facility in Togliatti where the three brands plan to produce up to 1.6 million units per year. That move would make the Togliatti plant one of the largest automotive manufacturing facilities in the world. The companies expect th

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