
AvtoVAZ, Russia’s biggest carmaker, plans to return to profit by cutting costs and rolling out new models to claw back market share that has been slipping away from the producer of Lada vehicles since the end of the Soviet Union.

AvtoVAZ, Russia’s biggest carmaker, plans to return to profit by cutting costs and rolling out new models to claw back market share that has been slipping away from the producer of Lada vehicles since the end of the Soviet Union.

Opel will focus on crossovers as part of its product push to boost sales and return to profit. “We will move more into crossover segments in general, because that’s where customers are going,” Opel CEO Karl-Thomas Neumann said on the sidelines of the Geneva auto show last month.