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Russia: Renault hindered in drive to include Lada owner in its financial results


France’s Renault might consider delaying adding Russian automaker AvtoVAZ to its accounting books, in a drive to shield the former from the ongoing political and economic turmoil in Russia that led to the steep fall of the auto market. AvtoVAZ, the Soviet-era automaker that produces Lada-branded vehicles, had been taken under Renault’s control, together with the Japanese alliance partner Nissan Motor ...
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Renault-Nissan CEO believes Russia is in for the deep loss
Renault-Nissan chief executive officer Carlos Ghosn believes the struggling Russian auto market might lose one third of sales over the next few years as the recession continues to deepen. The auto ...
Russia: AvtoVAZ loses No.1 spot on supplier issues
Russia’s AvtoVAZ, traditionally the country’s largest carmaker and holder of the top sales position for individual models as well, took a hit last month after its Lada brand’s Granta model ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now represent the biggest components buyers in the country’s car industry. For ...
Russia: Lada’s foreign boss wants a sportier image
Bo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the No. 1 Russian automaker has to implement is one that ...
Russia: AvtoVAZ CEO confident in Lada’s future
Following Renault-Nissan’s control takeover at the largest Russian automaker, CEO Carlos Ghosn successfully promoted at the helm of the Lada maker the first foreign chief in the make’s history. Bo Andersson ...
Renault-Nissan strategy could hinge on Russia’s AvtoVAZ success
CEO Carlos Ghosn has a lot riding on the success of the Renault-Nissan Russian subsidiary, which needs to elevate the extended alliance to a 40% market share in the country ...
Russia: AvtoVAZ mulls return to profit amid slumping market
Russia’s largest automaker, now under the control of the Renault-Nissan alliance, has vowed to return to profit through cost cutting measures and the introduction of new models to regain critical ...
Russia: AvtoVAZ to lower Lada production
The Russian carmaker announced it aims to cut factory output of its Lada brand cars by as many as 25,000 units during the following three months as the country’s sales ...
AvtoVAZ under full control of Renault Nissan alliance
Russia’s AvtoVAZ, the parent company of the well-known Lada brand, has come under the control of majority shareholder Renault-Nissan, as the deal was completed mid-June. The planning of the takeover – ...

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