RUSSIA: AvtoVAZ raises prices
Author: Chris Wright | 27 January 2012
AvtoVAZ is raising the prices of its Lada cars by 2.4% from Monday to counter rising costs and taxes.
The company said that last year spending on car production increased as it prepared upgraded vehicles to meet Euro-4 emission standards. Excise duties connected with engine capacity also increased.
Sectors: Emerging markets, Retailing, marketing & distribution, Vehicle manufacturers
Companies: AvtoVAZ
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