PARIS – The recent deal giving Renault a majority interest in AvtoVAZ was in the works before the country’s vehicle market began slowing down. But Renault and its partners in the joint venture taking over Russia’s largest auto maker believe there’s still enough demand to justify their investment. “The Russian automotive market is on the edge of becoming No.1 in Europe in terms of new-vehicle sales," says Sergey Chemezov, general director of Russian ...

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