AvtoVAZ to Cut 5,000 Jobs
11 Sep 2009, 14:57 UTC · By: Bogdan Popa / The collapse the Russian auto sector is experiencing is getting more serious by the day and automakers selling cars in the country are forced to impose the same cost-cutting measures we've seen...
AvtoVAZ to be Headed by Igor Komarov
25 Aug 2009, 12:15 UTC · By: Daniel Patrascu / Troubled Russian manufacturer AvtoVAZ will get a new president in the following days, as its former head, Boris Alyoshin, decided to step down, Russian media reported on Tuesday. He will be replaced...
AvtoVAZ Workers Rallied Against Potential Job Cuts
10 Aug 2009, 14:37 UTC · By: Alexandru Radu Chis / After we reported in late July that Russia's biggest auto maker, AvtoVAZ was closing its production gates for a month, we now return with updated news regarding this subject. More than 2,000...
AvtoVAZ Will Shutdown for a Month
22 Jul 2009, 12:03 UTC · By: Alexandru Radu Chis / Russia's largest car maker, AvtoVAZ faces more problems due to the current economic climatel. Faced with plunging sales, the auto maker is expected to close its gates and suspend production for...
AvtoVAZ Not Interested in Opel, Magna
19 Jun 2009, 14:59 UTC · By: Bogdan Popa / Russian automaker AvtoVAZ has no interest in joining forces with Opel or Magna International, the company's president said in a statement for Reuters. "No one has made us any such offer...
Lada Priora SW in the Spotlight
12 Jun 2009, 13:05 UTC · By: Bogdan Popa / Russian automakers tend to become more important players in the global automotive industry, especially after several local investors got involved in Opel's acquisition by Magna International. A...
Russia's AvtoVAZ Receives 8 Billion Rubles Loan
8 Apr 2009, 18:27 UTC · By: Bogdan Popa / AvtoVAZ, one of the largest automakers in Russia, will receive up to 8 billion rubles ($239.5 million) in loans from two state-controlled lenders. Sberbank and VTB will provide 4 billion rubles each...
Russian Izhavto Succumbs to the Crisis
2 Apr 2009, 07:45 UTC · By: Daniel Patrascu / The Russian automotive industry lost yesterday its first assembly plant, as Izhavto announced it would stop production indefinitely, Autonews reported. The closure of the plant, which assembles vehi...
Russia's AvtoVAZ Receives 20bn Rubles, Putin Confirms
30 Mar 2009, 17:05 UTC · By: Bogdan Popa / Russia's Prime Minister Vladimir Putin confirmed today that AvtoVAZ will receive more than 20 billion rubles (about $587.4 million) in state funds to get through the economic crisis and pay its...