Funny. Again the same story.
IF THIS IS REAL, I think the only common thing with the production car will be the bodywork, for homologation. The rest will be bought and composed in Europe by European engineers/workers. Yukos and then Russian Age Racing used Porsches and Ferraris. This will also be a European car, just with different bodywork (tho, it must be much more expensive to build it).
I wonder if it really is AvtoVAZ's (Lada manufacturer) project. They have financial problems, are overstocked with it's cars and can't sell out.
Though, I still can't belive it is a true thing. Especially, if they promise a diesel engine.