Avtovaz OAO (AVAZ.MM)
30 Sep 2016
Mon, Sep 5 2016
MOSCOW, Sept 5 Russia's biggest carmaker Avtovaz announced on Monday an 85 billion rouble ($1.31 billion) recapitalisation plan as part of efforts to meet weighing financial commitments.
* H1 revenue 87.1 billion roubles ($1.31 billion), down 5 percent versus year ago driven by the on-going market drop
MOSCOW, June 14 Renault-Nissan's Russian unit Avtovaz will not return to profit until at least 2018, recently appointed CEO Nicolas Maure has told business daily Vedomosti.
PARIS, April 18 Renault-Nissan said on Monday it will give up the chairmanship of Avtovaz, a further sign that its hold on the maker of Lada cars has been weakened by recent tensions over restructuring at a time of collapsing Russian demand for vehicles.
* Says Serguey Skvortsov is expected to become Chairman of the Board of AVTOVAZ
* Avtovaz has lowered Lada sales in Russia by 18.8 pct to 22,267 in March, two sources familiar with the statistics told Reuters