RUSSIA: AvtoVAZ losses expected to widen
Author: just-auto.com editorial team | 5 February 2010
Net losses at AvtoVAZ, Russia's largest domestic carmaker, are projected to have widened year on year in 2009 and the company plans to cut costs by shedding 5,000 jobs in the next two months, company president Igor Komarov said.
just-auto articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
More articles related to this one
RUSSIA: Partners ink AvtoVAZ restructuring agreement
Russian Technologies State Corporation, Renault and Troika Dialog Investment Company on Thursday said shareholders of OJSC AvtoVAZ had signed a base agreement for restructuring and recapitalising the giant automaker.
RUSSIA: Buoyant AvtoVAZ maps out a brighter future
The boards of AvtoVAZ and Renault which has a 25% stake in the Russian carmaker, meet tomorrow (Fri) in Togliatti to discuss business development plans and further investment.
RUSSIA: AvtoVAZ receives H1 sales boost
AvtoVAZ has said that its first half sales rose 22.7% year-on-year to 220,800 vehicles.
Market research related to this article
AVTOVAZ – analysis of the current situation and scenarios for the future
Besides the situation analysis of key functions of the company (manufacture, sales, export), the analysis of finance indexes of the AVTOVAZ group and also mutual relations with dealers and suppliers are included in the report....
Passenger car market in Russia
This report is a thorough and comprehensive analysis of the automotive passenger car market in Russia. The report includes detailed information of business results from each company in the Russian market over the past few years....
