Chechnya to produce electric cars for Sochi Olympics

Chechnya will build a large car holding with 'AvtoVAZ' to produce
electric cars for the Winter Olympic Games in Sochi in 2014,

The holding will be formed on the base of the existing Chechen
Ministry of Industry and Energy, 'Avto YuFO' reports.

The holding will produce off-roaders using composite materials, an
extended version of Lada-2107, engineering on chain tracks and
electric cars for the 2014 Olympics.Investment is estimated at 12
billion rubles and some 8,000 people will be employed.