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Russia’s Lada parent AvtoVaz to profit from rival carmakers deserting the market


AvtoVaz, the largest automaker in Russia, and owner of the derided but top-selling Lada brand, is set to profit and take a much larger market share as international competitors are scaling down their presence. The collapsing domestic auto market has been hit by the prolonged economic slump and the massive downturn brought by the falling local currency – bringing car sales ...
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Russia: Lada becomes highly popular in Crimea
Lada, owned by AvtoVAZ – which is in term controlled by the Renault Nissan alliance, has become the most popular auto brand in Crimea – the peninsula that sparked all ...
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 ...
Russia: amid currency slump, Lada increases prices by 9%
AvtoVAZ, the Renault-Nissan controlled parent company of the country’s best selling brand – Lada – has announced that all cars of the automaker will have the prices increased by 9% ...
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 ...
[VIDEO] Ferrari 458 Italia hits Lada, chases driver in Russia
A driver of a Ferrari 458 Italia has crashed his ride into a Lada recently, in Russia, and he ended up chasing the driver. Car crashes happening in Russia are some ...
Russia: Lada sales modestly rise following government subsidy program introduction
The country’s affordable Lada brand has enjoyed a slight return to positive sales, most likely owing the situation to the introduction of a government subsidy scheme designed to counter the ...
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 ...
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 ...

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