AVTOVAZ will acquire 100% shares of United automobile group (OAS), the managing company of "IzhAvto", in the autumn of this year. Until that time, the OAS should buy industrial complex Izhevsk automobile plant. After signing all the necessary documents at "IzhAvto" will begin production of the Lada, Nissan, Renault, and, possibly, e-mobiles. The plant's capacity will be increased to 300 thousand cars per year. The documentation volume production of the company is 220 thousand cars annually. However, after the upgrade, the plant will produce and 360 thousand cars per year. To improve the production of AVTOVAZ will be invested 7 billion. For this purpose the Bank will issue a loan for a period of 7 years. Just at the time of the transaction at "IzhAvto" will cease production of Kia. In August will be released a little less than 3 thousand Korean cars, then this production line will be closed. And in July, as planned, in Izhevsk will be 10 thousand Lada. According to the General Director of the United automobile group Igor Kulgan, this production plant was recorded in 1986.