Russia"s ailing car giant AvtoVAZ said on...

Sergei Chemezov, who heads Russia"s State Technology Corporation (Rostekhnologii), said last year that under the restructuring plan AvtoVAZ would start producing two new Renault, two Lada models, and a Nissan model in late 2011-2012.

"We plan to start the production of a new Lada car based on our own platform in late 2011. In 2012 we will start assembling Lada cars on the B0 platforms. In 2012-2013 we will launch production of Renault and Nissan cars on the same platform," AvtoVAZ President Igor Komarov said.

The company plans to triple output by 2020, to 1 million cars. 70% of them will be of the Lada brand.

The carmaker"s long-term business plan until 2020 will be discussed by the company"s board of directors on March 10.

The debt-saddled car giant, located in Togliatti in the Volga area, is known abroad for its Lada brand. Since it was established in 1970 as a joint project with Italian carmaker Fiat, it has made more than 25 million Lada cars, but

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