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Booming Russia offers risks and rewards for automakers

By Ray Wert, 8:33 AM on Thu May 22 2008, 145 views (Edit, to draft, Top, Slurp)

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When Renault SA Chief Executive Carlos Ghosn and the owners of Russian automaker OAO AvtoVAZ sealed their $1 billion partnership on Feb. 29, the smiles and warm handshakes evoked a similar scene from just a few years earlier.

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