Russian auto-maker builds 27 millionth car

Moscow, May 17 (IANS) Russia's largest car-maker AvtoVAZ has built its 27 millionth car at the company plant in Togliatti city, RIA Novosti reported.

The milestone car was a Lada Priora hatchback.

AvtoVAZ president Igor Komarov and the governor of Samara region, where Togliatti is located, were present in the assembly hall when the car rolled off the assembly line.

AvtoVAZ began producing the Lada Priora in 2007.

The company is 25 percent owned by Renault-Nissan, which is moving closer to gaining control of the country's largest car-maker. It is creating a joint venture with state corporation Russian Technologies and investment company Troika Dialog to take over majority interest.

The joint venture will hold 74.5 percent of AvtoVAZ when the transaction is completed by 2014.