Russia’s AvtoVAZ not to recover until 2018
Jun17

Russia’s AvtoVAZ not to recover until 2018

The biggest car-maker in Russia will not make any profit until at least 2016, according to its newly appointed chief executive officer. Russia’s largest automaker AvtoVAZ, controlled by Renault-Nissan Alliance through the Rostec Auto BV company, has also been affected by the deep local economic crisis, as sales of Lada brand fell 31 percent in 2015. Such a drop triggered a loss of nearly 1 billion dollars for the company. “My main aim...

Read More
Top

Pin It on Pinterest