Renault SA and its alliance partner, Nissan Motor Co., aim to reach an agreement in July to assume control of OAO AvtoVAZ, Russia's biggest carmaker, two sources said.
Renault, which owns 25 percent of AvtoVAZ, and Nissan are in discussions on how to split an additional 25 percent stake, the sources said, declining to be named because the negotiations are private. The parties have previously said they aimed to wrap up talks by the end of 2011.
Renault and Nissan are in talks to buy shares in AvtoVAZ held by Russian Technologies Corp. and Troika Dialog, which each have 25 percent. The Togliatti-based manufacturer dominates the Russian car market with its Lada brand. By partnering with AvtoVAZ, the Renault-Nissan alliance aims to increase the three brands' combined share to 40 percent.