News: Avtovaz OAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

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23 Jan 2015
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Tue, Jan 13 2015

Prices to rise for Russia's Lada on rouble weakness

MOSCOW, Jan 13 - The price of Russia's most popular car, the Lada, will increase by 9 percent from Thursday because of the plunging rouble, the country's largest carmaker Avtovaz said.

BRIEF-Avtovaz November sales in Russia down 16.7%-AEB

* Association of European Businesses(AEB)says Avtovaz sales in Russia in November decreased by 16.7 pct to 30,402 vehicles versus 36,509 vehicles in November 2013

Russian carmaker Avtovaz says Lada sales up for first time in 19 months

MOSCOW, Nov 6 - Russia's top carmaker Avtovaz said on Thursday sales of its flagship Lada car increased by 4.7 percent in October from the previous month, while domestic sales rose for the first time in 19 months year-on-year.

Russia's Avtovaz says 2014 Lada sales could drop 20.5 percent year on year-Interfax

MOSCOW, Oct 13 - Russian automobile producer Avtovaz said its 2014 Lada sales in Russia could fall 20.5 percent year-on-year to 425,000 units, Interfax news agency quoted Chief Executive Officer Bo Andersson as saying on Monday. (Reporting by Thomas Grove, Editing by Timothy Heritage)

CORRECTED-AvtoVAZ mulls in-house production to halt parts monopolies, graft

(Corrects spelling of adviser's first name in 15th paragraph to Fujio from Fujui)

AvtoVAZ mulls in-house production to halt parts monopolies, graft

TOGLIATTI, Russia, Aug 29 - AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house as it struggles to get more competitive pricing and stamp out corruption in its local supply chain, senior executives said.

Russian carmaker Avtovaz to cut workforce by 45 pct by 2020 -Les Echos

PARIS, Aug 29 - Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.

Russia's Avtovaz will not raise prices this year - CEO

MOSCOW, Aug 28 - Russia's top car maker Avtovaz has no plans to further raise prices for its Lada cars this year as depressed market conditions have hit demand, its chief executive told Reuters on Thursday.

Russian carmaker Avtovaz to cut Lada production in Sept-Nov

MOSCOW, Aug 25 - Russia's top car maker Avtovaz plans to cut production of its Lada cars in the next three months due to a falling Russian market, it said on Monday.

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