News: Avtovaz OAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

23 Apr 2014
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Tue, Feb 18 2014

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.

Lada-maker AvtoVAZ to axe jobs as Russian car market slows

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.

Fitch Affirms JSC AvtoVAZ at 'B-'; Withdraws Ratings

(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 Fitch has withdrawn the ratings as AvtoV

Russia's Lada maker appoints former GM exec as chief

MOSCOW, Nov 5 - Russia's largest carmaker Avtovaz has appointed former General Motors Co. executive Bo Andersson as its first foreign boss.

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