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September 29, 2009

RUSSIA AvtoVAZ sets up ‘crisis’ team

Heavily in debt, AvtoVAZ on Tuesday said it was creating a staff to oversee the implementation of its anti-crisis programme.

Heavily in debt, AvtoVAZ on Tuesday said it was creating a staff to oversee the implementation of its anti-crisis programme.

The automaker’s board of directors also cancelled bonuses to executives in 2009, the company said.

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