Business

Russia's AvtoVAZ posts $198 mln loss in Q1

Rusisa's AvtoVAZ posts $198 mln loss in Q1

11:07 18/05/2009

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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GM-AvtoVAZ checks cars for possible brake failure
17:39 29/10/2010
GM-AvtoVAZ, a joint venture between General Motors and Russia's top automaker AvtoVAZ, is checking about 2,000 cars sold to dealers for possible braking system problems, a company spokeswoman told RIA Novosti on Friday.
Russian government to raise $1.87 bln to rescue AvtoVAZ carmaker
23:18 03/11/2009
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
16:48 08/10/2009
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
22:47 14/09/2009
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
13:13 17/04/2009
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
17:27 20/03/2009
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
19:31 17/03/2009
AvtoVAZ changes payment scheme to deter halts in production
10:18 12/03/2009
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
20:22 05/03/2009
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
15:18 05/03/2009
Russian carmaker AvtoVAZ delays restart of production line
09:04 05/03/2009
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
20:49 04/03/2009
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
11:21 04/03/2009
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
12:35 09/02/2009
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
10:25 17/10/2008
AvtoVAZ to supply 850 cars to North Korea
19:23 25/08/2008
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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The cost of saving AvtoVAZ
16:48 08/10/2009
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.

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