In 2008, the Renault-Nissan Alliance paid $1 billion for a 25 percent share in former General Motors partner AvtoVAZ, Russia’s largest automaker. By 2014, the European-Japanese alliance expects to own a majority share of the Togliatti-based automaker, reports Automotive News. The companies have agreed to pay AvtoVAZ’s Russian stakeholders approximately $750 million over the next Read on! →