Renault to Provide 240M Euro Package to AvtoVAZ
27 Nov 2009, 10:19 UTC · By: Bogdan Popa / French manufacturer Renault, which currently holds 25 percent in AvtoVAZ, will give the Russian automaker a 240 million euro non-cash package that will contribute to the company's efforts of st...
AvtoVAZ's Rescue, after Putin's Visit to Paris
24 Nov 2009, 15:12 UTC · By: Daniel Patrascu / The light at the end of the tunnel for Russian carmaker AvtoVAZ is slowly fading away, after Russian Premier Vladimir Putin announced it will idle any rescue plans until after he has a talk with Ren...
Renault Could Increase AvtoVAZ Stake
24 Nov 2009, 09:44 UTC · By: Bogdan Popa / French carmaker Renault might increase its AvtoVAZ stake in the future, Sergei Chemezov, CEO of state-owned industrial conglomerate Rostekhnologii, said in a statement. Rostekhnologii currently hold...
Ricardo Transmissions for AvtoVAZ Cars
18 Nov 2009, 08:15 UTC · By: Alina Dumitrache / Moscow-based KATE company contracted Eco-Inovation Technology Company Ricardo for the development of a new 7-speed automatic transmission for use in AvtoVAZ cars. KATE was selected by AvtoVAZ to de...
Renault Allowed to Increase AvtoVAZ Stake
12 Nov 2009, 11:24 UTC · By: Bogdan Popa / As part of the AvtoVAZ restructuring process, the French carmaker Renault will be allowed to increase its stake in the Russian company. Renault currently holds 25 percent of AvtoVAZ and the Russian ...
Russia Agrees with $1.88 Billion for AvtoVAZ
4 Nov 2009, 10:55 UTC · By: Bogdan Popa / AvtoVAZ, the Russian carmaker who's now living on the verge of collapse, will receive a new state loan package, this time amounting to 548 billion rubles (approximately $1.88 billion). The Russ...
Renault Financially Backs AvtoVAZ Shake-Up
3 Nov 2009, 07:56 UTC · By: Bogdan Popa / Renault has already expressed its support for AvtoVAZ, the Russian automaker now on the verge of bankruptcy, and company officials today revealed that the French company will also provide money for ...
Russia Confirms/Denies 21,000 AvtoVAZ Job Cuts
28 Oct 2009, 14:21 UTC · By: Daniel Patrascu / The Russian government denied any decision being taken in favor of AvtoVAZ's plan to cut no less than 21,000 jobs in the following years, as an earlier Vedomosti business daily report claimed. ...
Russia Seals Fate of 21,000 AvtoVAZ Workers?
28 Oct 2009, 10:42 UTC · By: Daniel Patrascu / The already announced plan Russian carmaker AvtoVAZ has to kill some nearly a quarter of its workforce in the following years seems to have been given the green light from the Russian government, wi...
AvtoVAZ Still Awaiting 7,000 Ladas Payment
27 Oct 2009, 08:42 UTC · By: Bogdan Popa / Russian car manufacturer AvtoVAZ, who's now fighting for survival in the domestic market, is awaiting a large payment for approximately 7,000 Lada cars. It appears the company is now looking to...
AvtoVAZ, Renault, Nissan to Launch Five New Models
19 Oct 2009, 09:35 UTC · By: Bogdan Popa / Renault has already expressed its commitment to support Russian carmaker AvtoVAZ - in which it holds a 25 percent stake, but the company will only provide technology to support the creation of new m...
AvtoVAZ Might Cease Shares to Erase Debt
14 Oct 2009, 09:40 UTC · By: Bogdan Popa / AvtoVAZ is currently in a desperate situation and, as far as the Russian government is concerned, the company should try anything that's possible to stay in business. The last idea is to allow ...
Michelin Looking to Expand Russian Operations
13 Oct 2009, 13:05 UTC · By: Bogdan Popa / Tire manufacturer Michelin is looking to establish a new unit in Russia that would be in charge of operations in the local markets plus other 11 other countries of the Commonwealth of Independent St...
Renault, AvtoVAZ to Start Building Cars Together in 2012
12 Oct 2009, 10:43 UTC · By: Bogdan Popa / French manufacturer Renault will help AvtoVAZ with technology but, in addition, the two companies will start building cars together in 2012. Bloomberg writes that the joint venture between Renault a...
Renault to Support AvtoVAZ with Technology
9 Oct 2009, 07:16 UTC · By: Bogdan Popa / Following Russia's public comments that demanded Renault to step in and help troubled local automaker AvtoVAZ, the French manufacturer yesterday said it will indeed support the Russian company ...
Renault to Help AvtoVAZ Survive
6 Oct 2009, 12:44 UTC · By: Bogdan Popa / Following the comments of Russian Prime Minister Vladimir Putin who urged Renault to step in and help the ailing automaker AvtoVAZ, the French car manufacturer expressed its support and said it is i...
Russian Riot in the Making
5 Oct 2009, 08:36 UTC · By: Daniel Patrascu / The recent announcement that Russian carmaker AvtoVAZ will kill in the years to come no less than 27,600 jobs has already began to take its toll. The city of Tolyatti, home of several AvtoVAz facili...
Putin Urges Renault to Help AvtoVAZ
2 Oct 2009, 14:53 UTC · By: Bogdan Popa / AvtoVAZ sees its business in a desperate situation, with the economic chaos forcing the management board take a shocking decision: a job cut affecting more than 27,000 workers. But Russian Prime Min...
Nissan – Made in Russia, Courtesy of AvtoVAZ
26 Sep 2009, 13:14 UTC · By: Bogdan Popa / The Japanese carmaker Nissan is looking to boost its production in Russia and might sign an agreement with local manufacturer AvtoVAZ to start building B segment cars by 2012. Nissan already owns a ...
AvtoVAZ to Kill 27,600 Jobs
24 Sep 2009, 10:14 UTC · By: Daniel Patrascu / The largest Russian car manufacturer, AvtoVAZ, announced today it plans to cut about a quarter of its workforce in an effort to compensate for the severe drop in sales it is experiencing with its L...