Renault ready to rescue Russia's largest carmaker
14:4406/10/2009
The French carmaker Renault, which holds a blocking interest in AvtoVAZ, is willing to invest in the ailing Russian auto giant, Russian First Deputy Prime Minister Igor Shuvalov said on Tuesday.
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Russian car giant AvtoVAZ half-year net loss swells by 10 times
12/10/200913:22Russia's largest automaker AvtoVAZ said on Monday its net loss under International Accounting Standards increased almost 900% to 19.6 billion rubles ($653 million) in January-June from 2 billion rubles (67 million) a year earlier.
