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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 market share. The producer of Lada brand vehicles has been continually loosing market share since the Iron Curtain fell and the Soviet Union’s days came to an end. But Bo Andersson, ...
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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 – ...
Executive says Russian car sales to drop 20% this year
The new chief executive of AvtoVAZ, Bo Andersson, forecasts for 2014 a serious drop in overall sales on the Russian market, which could slump, according to his prediction by as ...
Russia: AvtoVAZ to cut 7,500 jobs
As economic stagnation hurts the domestic car market, the new CEO, Bo Andersson, said Russia's biggest carmaker, AvtoVAZ, will cut 7,500 jobs, about 11 % of its workforce, in its ...
Renault Logan and Sandero Stepway spotted in Russia
The new generations of the Renault Logan and Renault Sandero Stepway have been recently spotted in Russia, at the Avtovaz’s plant in Togliatti. Renault is planning to introduce its own Logan ...
Renault-Nissan planning second engine to be built with AvtoVAZ
The French-Japanese alliance will build a second engine with Russian partner AvtoVAZ and aims to overcome a decline in Lada sales in a market set to overtake Germany within two ...
Lada has ex-GM manager as new CEO
As it deepens ties with the Renault-Nissan alliance, OAO AvtoVAZ appointed Bo Andersson, a former top purchasing manager at General Motors, as chief executive officer, the first non-Russian to lead ...
Ex GM executive – first foreign president of Russia’s AvtoVAZ
Bo Andersson, a former top executive that worked for General Motors, has been nominated to be the first foreign president of Russia's largest carmaker, OAO AvtoVAZ, which is being taken ...
Report – AvtoVAZ CEO to step down
Igor Komarov is rumored to be stepping down as the chief of Russia's largest automaker, which Renault-Nissan plans to take full control of by mid-2014. Someone familiar with an AvtoVAZ shareholder ...

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