News: Avtovaz OAO (AVAZ.MM)
23 Oct 2014
Mon, Oct 13 2014
MOSCOW, Oct 13 - Russian automobile producer Avtovaz said its 2014 Lada sales in Russia could fall 20.5 percent year-on-year to 425,000 units, Interfax news agency quoted Chief Executive Officer Bo Andersson as saying on Monday. (Reporting by Thomas Grove, Editing by Timothy Heritage)
(Corrects spelling of adviser's first name in 15th paragraph to Fujio from Fujui)
TOGLIATTI, Russia, Aug 29 - AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house as it struggles to get more competitive pricing and stamp out corruption in its local supply chain, senior executives said.
PARIS, Aug 29 - Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.
MOSCOW, Aug 28 - Russia's top car maker Avtovaz has no plans to further raise prices for its Lada cars this year as depressed market conditions have hit demand, its chief executive told Reuters on Thursday.
MOSCOW, Aug 25 - Russia's top car maker Avtovaz plans to cut production of its Lada cars in the next three months due to a falling Russian market, it said on Monday.
MOSCOW, June 27 - French-Japanese carmaking alliance Renault-Nissan has completed a deal to take control of Russia's largest automaker AvtoVAZ, Renault said on Friday.
MOSCOW, June 6 - Russia's largest carmaker, AvtoVAZ, said on Friday it expects to cut 13,000 staff - more than previously indicated - at its Togliatti plant due to falling sales of its flagship Lada.