News: Avtovaz OAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

9.33RUB
12 Feb 2016
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руб-0.09 (-0.96%)
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Fri, Feb 12 2016

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Lada-maker Avtovaz seeks shareholder help after record loss

MOSCOW Russia's biggest carmaker Avtovaz issued a plea for help to shareholders including Renault on Friday, after plunging demand at home drove it to a record loss and an audit revealed its frail finances.

UPDATE 2-Lada-maker Avtovaz seeks shareholder help after record loss

* Renault says in talks with other shareholders (Adds Rostec comment)

CORRECTED-Renault-Nissan's Avtovaz unit to seek loans after record loss

MOSCOW, Feb 12 Russia's top automaker, Avtovaz , said on Friday it would ask shareholders for financing help after a record 2015 loss and an audit that revealed its frail finances.

UPDATE 2-New models lift Renault profit despite Russia writedown

* Writes down AvtoVAZ holding value to 96 mln euros (Adds shares, CEO comment on alliance)

New models lift Renault profit despite Russia writedown

PARIS, Feb 12 Renault said its full-year profit increased by almost 50 percent last year on strong sales of new models, but the French carmaker wrote down its stake in Lada-maker AvtoVAZ amid a Russian car market slump.

BRIEF-Avtovaz 9-month net loss narrows to RUB 15.80 bln

* 9-Month net loss 15.80 billion roubles ($245.68 million)versus a loss of 16.49 billion roubles year ago

CORRECTED-Russia's Avtovaz starts production of new Lada Vesta

IZHEVSK, Russia, Sept 25 Leading Russian automaker Avtovaz began production of its new Lada Vesta model on Friday, a car it hopes will reignite sluggish demand for its vehicles in Russia's cities.

BRIEF-Avtovaz expects to decrease 2015 sales in Russia by 16-29 pct

* Avtovaz expects to reduce 2015 sales in Russia by 16-29 pct, company president Bo Andersson told journalists

Russia's Avtovaz starts production of new Lada Vesta

IZHEVSK, Russia, Sept 25 Leading Russian automaker Avtovaz began production of its new Lada Vesta model on Friday, a car it hopes will reignite sluggish demand for its vehicles in Russia's cities.

Russia's Avtovaz to raise prices from Sept. 1

MOSCOW, Aug 31 Russian automaker Avtovaz said on Monday it will raise prices for the majority of its Lada model cars by three percent from September 1.

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