Russia’s AvtoVAZ says supplier problems — not declining demand — are to blame for its Lada brand’s failure to have the No. 1-selling car in the country last month.
Tag Archives: AvtoVAZ
Russia’s AvtoVAZ to cut Lada production
Russia’s AvtoVAZ said today it plans to cut production of its Lada cars in the next three months by 25,000 because of rapidly declining demand for new vehicles in the country.
AvtoVAZ’s 2013 loss shows scale of turnaround task for Russia’s No. 1 automaker
Russia’s No.1 carmaker AvtoVAZ slumped to a loss last year, hit by falling sales of its Lada cars, underlining the task facing its new CEO Bo Andersson as he battles to revive the business amid economic uncertainty caused by the Crimea crisis.
Renault-Nissan create procurement group with AvtoVAZ
Renault and partner Nissan Motor created a parts-procurement venture with AvtoVAZ, Russia’s biggest carmaker, as the manufacturers seek to limit costs as they expand in the country in a three-way tie-up.
The venture is modeled on the 12-year-old Renault-Nissan Purchasing Organization, which holds a 50 percent stake in the new Russian entity, with AvtoVAZ owning the other half, the companies said in a joint statement on Wednesday.
