News: Avtovaz OAO (AVAZ.MM)
23 Apr 2014
MOSCOW, Jan 23 - Russia's largest carmaker AvtoVAZ plans to axe 2,500 jobs and lose about the same again through attrition this year to help it back to profit in a contracting domestic market, its new chief executive said on Thursday.
(The following statement was released by the rating agency) BARCELONA/LONDON, January 15 (Fitch) Fitch Ratings has affirmed Russia-based automotive producer JSC AvtoVAZ's Long-term foreign and local currency Issuer Default Rating (IDR) at 'B-', Short-term foreign and local currency IDR at 'B' and National Long-term Rating at 'BB(rus)'. Fitch has also affirmed the senior unsecured rating at 'B-'/'RR4'. The Outlooks on the Long-term ratings are Stable. Fitch has withdrawn the ratings as AvtoV
MOSCOW, Nov 5 - Russia's largest carmaker Avtovaz has appointed former General Motors Co. executive Bo Andersson as its first foreign boss.