Russian automobile manufacturer AvtoVAZ 9.65 billion investment
Super cars news, comprehensive foreign coverage of Russia's economic development Deputy Minister Andrei Klepach said recently, Russia industrial giants Rostekhnologii will inject to the automobile manufacturer AvtoVAZ 280 billion rubles (approximately $ 9.65 million), and AvtoVAZ will this weekend for the money.
According to earlier reports, the Government recently adopted Russia AvtoVAZ submitted business plans by 2020. The Government of Russia on the business plan must have access to this investment AvtoVAZ one of the conditions. And this investment actually comes from the Government of Russia. The Government of Russia has been in the month of March, will resources import Rostekhnologii account.
Klepach also said: "AvtoVAZ will use the money to repay the Bank loans. The Bank has signed a memorandum with the AvtoVAZ. The memorandum, the Bank received after the repayment of AvtoVAZ will provide at least 280 billion rubles. AvtoVAZ will use the loan to upgrade the production equipment. ”