New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Nissan buys into Russian carmaker

2010-11-23 14:23
Japan's top business daily is reporting that Nissan plans to invest in Russia's largest automaker, AvtoVAZ, which is already part-owned by Nissan's alliance partner Renault.

The Nikkei said on Tuesday that Nissan hoped to strengthen its foothold in the Russian market with the investment.

Renault already owns 25 percent of AvtoVAZ. With Nissan, the two automakers hope to take a controlling stake in the Russian company, the report said.

Nissan was not available for comment because of a French national holiday.

The Russian auto market has strong potential for growth after plunging amid the global financial crisis, according to the report.

There are new stories on the homepage. Click here to see them.