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Rusisa's AvtoVAZ posts $198 mln loss in Q1

Alexander Isaykin

11:0718/05/2009

AvtoVAZ, Russia's largest carmaker, announced on Monday a loss of 6.33 billion rubles ($198 million) in January-March 2009 against a net profit of 281 million rubles ($8.8 million) in the same period of 2008.

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Russia's AvtoVAZ posts $198 mln loss in Q1

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Russian government to raise $1.87 bln to rescue AvtoVAZ carmaker
03/11/2009 23:18 The Russian government is planning to raise 54.8 billion rubles ($1.87 billion) to bail out the ailing AvtoVAZ automaker, Prime Minister Vladimir Putin said on Tuesday.
The cost of saving AvtoVAZ
08/10/2009 16:48 Russian Prime Minister Vladimir Putin pledged to save the country's largest carmaker AvtoVAZ from closure. AvtoVAZ posted record losses of 14.2 billion rubles ($447 million) in January-June 2009 against net profits of 1.49 billion rubles ($47 million) in the same period of 2008.
Russia's AvtoVAZ to switch to full working week in December
14/09/2009 22:47 Russia's largest carmaker, AvtoVAZ, announced on Monday that it will re-introduce a full working week from December 14, with a workforce reduced by 5,000.
AvtoVAZ share issue no option after state aid - Renault
17/04/2009 13:13 An additional share issue is not being discussed as a measure to help AvtoVAZ amid the ongoing economic crisis after the Russian carmaker received $776 million in state aid, a Renault executive said on Friday.
Russian MPs set up measures to support AvtoVAZ
20/03/2009 17:27 Members of the Russian State Duma have decided that AvtoVAZ needs help from the government. Along with loans at subsidized interest rates, they propose giving the plant direct tranches from the federal budget.
Russia's AvtoVAZ says overstocked with 90,000 unsold cars
17/03/2009 19:31
AvtoVAZ changes payment scheme to deter halts in production
12/03/2009 10:18 Russia's leading carmaker AvtoVAZ will give up its current payment scheme and pay suppliers in cash in 2009 to prevent production disruptions, the plant said, citing its president.
Component shortage forces AvtoVAZ to suspend production
05/03/2009 20:22 Component parts manufacturers refuse to accept bills of exchange from the Russian car maker AvtoVAZ, delaying the delivery of supplies. The plant therefore had to postpone the resuming of its car manufacturing.
Russia's AvtoVAZ restarts car production
05/03/2009 15:18
Russian carmaker AvtoVAZ delays restart of production line
05/03/2009 09:04 Leading Russian carmaker AvtoVAZ said it had postponed the re-launch of its main production line, scheduled for Thursday, until further notice.
Russia's AvtoVAZ could restart car production on Thursday
04/03/2009 20:49 Russia's leading carmaker AvtoVAZ said on Wednesday it could resume production on March 5, following a suspension earlier in the day over problems with suppliers.
Russia's AvtoVAZ halts production until further notice
04/03/2009 11:21 Russia's leading carmaker AvtoVAZ has halted its main assembly line until further notice due to problems with suppliers, the company's press office said on Wednesday.
Russia's AvtoVAZ restarts production after stoppage
09/02/2009 12:35 Russia's leading carmaker AvtoVAZ on Monday restarted its production lines, which were halted on Friday over problems with suppliers, the plant's spokesperson said.
Russia's AvtoVAZ carmaker asks govt. for $1 bln loan
17/10/2008 10:25
AvtoVAZ to supply 850 cars to North Korea
25/08/2008 19:23 Most probably, the cars will not be sold on the open market. An AvtoVAZ press release says the cars will be used by North Korea’s government agencies.

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Russia's AvtoVAZ posts $198 mln loss in Q1

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Russia's AvtoVAZ posts $198 mln loss in Q1

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