News: Avtovaz OAO (AVAZ.MM)
23 Jan 2015
Tue, Jan 13 2015
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.
* 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
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.
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)
(Corrects spelling of adviser's first name in 15th paragraph to Fujio from Fujui)
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.
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.
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.
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.