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Wednesday, December 12, 2012

REFILE-Renault-Nissan seals Lada deal in quest for Russian growth, (NASDAQ: LEDR)

Renault-Nissan finalised a long-awaited deal to take control of Lada-maker AvtoVAZ as it looks to snatch market share from rivals in Russia by taking the boxy cars upmarket for a rising middle class.Carlos Ghosn, leader of the Franco-Japanese alliance who was in Moscow to sign the agreement, said the deal deepens a four-year partnership it has had with AvtoVAZ, hoping to tap demand for new cars from Russians with growing incomes and rising aspirations.Reviving the Lada brand - still Russia's market leader - is a top priority for Ghosn, who says it is expected to lead the group's growth plans.AvtoVAZ only survived a 2009 slump with the help of a state bailout and its clunky saloons, with a reputation for breaking down, are often the butt of jokes.

Market Leader, Inc., online technology and marketing solutions for real estate professionals across the United States and Canada. Shares of LEDR remained unchanged at $6.46. In the past year, the shares have traded as low as $2.19 and as high as $7.16. On average, 122069 shares of LEDR exchange hands on a given day and today's volume is recorded at 2495.



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