1. QUOTE from:
    UPI NewsTrack Business
    View quote in context »
    "Renault confirmed yesterday it was prepared to invest in the development of AvtoVAZ, including the provision of the most advanced technologies," First Deputy Prime Minister Igor Shuvalov told the RIA Novosti news service Tuesday. "The main thing is that Renault has confirmed its strategic interest in the development of AvtoVAZ and believes that the acquisition of 25 percent plus one share was a strategically correct and justified decision" Shuvalov said. The automaker, with a production capacity of 800,000 vehicles a year, is expected to shed 27,600 jobs to reduce its workforce to 75,000, RIA Novosti said. Full Article at United Press International
    The main thing is that Renault has confirmed its strategic interest in the development of AvtoVAZ and believes that the acquisition of 25 percent plus one share was a strategically correct and justified decision
    View articles, topics, and photos related to this quote – Igor Shuvalov SOURCE: United Press International 2 months ago
All quotes from:
UPI NewsTrack Business
  1. The volume of the investment will be specified following discussion of the plans for AvtoVAZ's development and corresponding valuation
    – Igor Shuvalov SOURCE: United Press International 2 months ago
  2. Renault confirmed yesterday it was prepared to invest in the development of AvtoVAZ, including the provision of the most advanced technologies
    SOURCE: United Press International 2 months ago

Recent Photos From The Wire

  1. Supporters of ousted Thai Prime Minister Thaksin Shinawatra cheer speeches during an anti-government demonstration Thursday, Dec. 10, 2009, in Bangkok, Thailand. The protestors, know as "Red Shirts" are calling for more rallies in the coming weeks in a bid to unseat Prime Minister Abhisit Vejjajiva.
  2. Supporters of ousted Thai Prime Minister Thaksin Shinawatra cheer speeches during an anti-government demonstration Thursday, Dec. 10, 2009, in Bangkok, Thailand. The protestors, know as "Red Shirts" are calling for more rallies in the coming weeks in a bid to unseat Prime Minister Abhisit Vejjajiva.
  3. American environmentalist and writer Bill McKibben poses at the main venue of the Climate Conference in Copenhagen, Thursday Dec. 10, 2009. The largest and most important UN climate change conference is underway in Copenhagen, aiming to secure an agreement on how to protect the world from calamitous global warming.
  4. A supporter of ousted Thai Prime Minister Thaksin Shinawatra looks on during an anti-government demonstration Thursday, Dec. 10, 2009, in Bangkok, Thailand. The protestors, know as "Red Shirts" are calling for more rallies in the coming weeks in a bid to unseat Prime Minister Abhisit Vejjajiva.
  5. Cheng Wan Jung of Taiwan competes in the women's 400-meter individual medley swimming final of the East Asian Games in Hong Kong, Thursday, Dec. 10, 2009. Cheng won the gold medal.
  6. Spanish King Juan Carlos (L) receives two volumes of the "New Grammar of the Spanish Language" from Victor Garcia de la Concha, director of the Spanish Royal Academy, as Queen Sofia looks on during the book presentation ceremony at the headquarters of the Spanish Royal Academy in Madrid December 10, 2009.
  7. Japan's Kensuke Nagai celebrates scoring his team's winning goal against South Korea in the men's soccer semifinal match at the East Asian Games in Hong Kong December 10, 2009.
  8. Riot policemen stand in formation behind a protester during an anti-government rally in Athens December 10, 2009.
  9. Spanish King Juan Carlos (R) and Spanish Minister of Education Angel Gabilondo talk during the book presentation ceremony of "New Grammar of the Spanish Language" at the headquarters of the Spanish Royal Academy in Madrid December 10, 2009.
  10. Students hold a banner which reads 'for education' during a protest rally in Bonn December 10, 2009. Students are demonstrating against changes to be made under the Bologna-Process, a Europe-wide reform of higher education.
  11. Taiwan's Wang Pei-rong (L) collides with teammate Hsieh Pei-chen during the women's team badminton competion against China at the East Asian Games in Hong Kong December 10, 2009. China won the gold medals.
  12. Supporters of ousted Thai Prime Minister Thaksin Shinawatra give speeches during an anti-government demonstration Thursday, Dec. 10, 2009, in Bangkok, Thailand. The protestors, know as "Red Shirts" are calling for more rallies in the coming weeks in a bid to unseat Prime Minister Abhisit Vejjajiva.
  13. OSLO, NORWAY - DECEMBER 10: *** *** Chairman of the Norwegian Nobel Committee, Thorbjoern Jagland looks on as Nobel Peace Prize laureate, US President Barack Obama (R) poses on the podium with his diploma and gold medal during the Nobel ceremony on December 10, 2009 in Oslo, Norway. Mr Obama was awarded the Nobel prize in October in recognition of his efforts to strengthen international diplomacy and co-operation between peoples.
  14. OSLO, NORWAY - DECEMBER 10: *** *** Chairman of the Norwegian Nobel Committee, Thorbjoern Jagland looks on as Nobel Peace Prize laureate, US President Barack Obama (R) poses on the podium with his diploma and gold medal during the Nobel ceremony on December 10, 2009 in Oslo, Norway. Mr Obama was awarded the Nobel prize in October in recognition of his efforts to strengthen international diplomacy and co-operation between peoples.
  15. OSLO, NORWAY - DECEMBER 10: *** *** Chairman of the Norwegian Nobel Committee, Thorbjoern Jagland looks on as Nobel Peace Prize laureate, US President Barack Obama (R) poses on the podium with his diploma and gold medal during the Nobel ceremony on December 10, 2009 in Oslo, Norway. Mr Obama was awarded the Nobel prize in October in recognition of his efforts to strengthen international diplomacy and co-operation between peoples.
  16. DUBAI, UNITED ARAB EMIRATES - DECEMBER 10: Paula Marti of Spain putts at the 16th hole during the second round of the Dubai Ladies Masters, on the Majilis Course at the Emirates Golf Club on December 10, 2009 in Dubai, United Arab Emirates.
  17. DUBAI, UNITED ARAB EMIRATES - DECEMBER 10: Melissa Reid of England plays her second shot at the 16th hole during the second round of the Dubai Ladies Masters, on the Majilis Course at the Emirates Golf Club on December 10, 2009 in Dubai, United Arab Emirates.
  18. DUBAI, UNITED ARAB EMIRATES - DECEMBER 10: Melissa Reid of England plays her second shot at the 16th hole during the second round of the Dubai Ladies Masters, on the Majilis Course at the Emirates Golf Club on December 10, 2009 in Dubai, United Arab Emirates.