Lada

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Russia’s AvtoVAZ not to recover until 2018

Russia’s AvtoVAZ not to recover until 2018

The biggest carmaker in Russia will not make any profit until at least 2016, according to its newly appointed chief executive officer. Russia’s largest automaker AvtoVAZ, controlled by Renault-Nissan Alliance through the Rostec Auto BV company, has also been affected by the deep local economic crisis, as sales of Lada […]