Russia‘s biggest automaker Avtovaz which suspended some production because of sanctions and supply of components is offering workers at its Izhevsk plant a one-off payment of about $3,000 to take …
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AvtoVAZ
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Russia’s leading automaker Avtovaz said on Monday that it had appointed former transport minister Maxim Sokolov as its new president and CEO following the withdrawal of its main shareholder Renault. …
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Renault is set to sell its majority stake in Russian automaker Avtovaz to a Russian science institute, the French automaker said on Monday, adding that the deal consists of a …
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Renault is set to transfer its 68% stake in Russia’s biggest automaker AvtoVAZ to an auto research institute for one symbolic rouble. The report comes as an example of local …
- General Motors
General Motors exits Russian car assembly business with Avtovaz deal
by SpeedLuxby SpeedLuxRussia’s biggest automaker Avtovaz stated on Monday it would purchase out General Motors from their joint venture producing automobile in Russia under the Chevrolet brand, effectively finishing GM’s presence in …
- Cars
Russian automaker Avtovaz says Lada sales increased 5 percent in January
by SpeedLuxby SpeedLuxSales of Lada vehicles in Russia increased by 4.9 percent early to 16,334 units in January, Russian automaker Avtovaz stated on Tuesday. As per the company estimates, Avtovaz had about …
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