News: Avtovaz OAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

10.48RUB
30 Sep 2014
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руб0.17 (+1.64%)
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Sat, Aug 30 2014

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.

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.

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