News: Avtovaz OAO (AVAZ.MM)

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Fri, Jun 27 2014

Renault-Nissan completes deal to take control of AvtoVAZ

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.

Russia's Avtovaz staff reductions intensify, 13,000 to go at Togliatti

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.

Lada maker Avtovaz reports 2013 loss

MOSCOW, Feb 18 - Russia's largest carmaker, Avtovaz, reported a loss of 6.9 billion roubles ($196 million) for 2013 under Russian accounting standards, due to a deterioration in the country's auto market.

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