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Russia's Avtovaz may shorten work week as sales slump

Russia's largest carmaker Avtovaz today said it may shorten its working week to four from five days, a rare move from a major state-owned employer, as high interest rates and competition from China squeeze its sales.

Business • 22 Jul

Avtovaz, the largest Russian carmaker, expects to produce more than 374,000 Lada cars this year

Russia's Avtovaz to increase car production in 2024

Russia's state-run carmaker Avtovaz said it plans to increase production of its Lada-brand cars to 500,000 next year after targets for 2023 were hit by US sanctions.

Business • 29 Dec 23

Renault was an early mover in the race to produce electric vehicles

Renault says price hikes help sales grow in Q3

Renault said today its sales rose to €9.8 billion in the third quarter as price increases allowed the French carmaker to more than offset a fall in the number of cars sold from the previous year.

Business • 21 Oct 22

The Lada manufacturer said it sold 18,087 passenger cars during August - up 75.2% on July

Russia's AvtoVAZ says Lada sales up 75% in August

Russian automaker AvtoVAZ said today that sales of new cars rose sharply in August as the industry continues to grapple with the fallout of Russia's invasion of Ukraine.

Business • 02 Sep 22

Renault is selling its 67.69% stake in Avtovaz to the Russian Central Research and Development Automobile and Engine Institute

Renault sells its stake in Russia's Avtovaz

Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said today, adding that the deal included a six-year option to buy back the stake.

Business • 16 May 22

Renault is the Western carmaker most exposed to the Russian market

Renault Q1 sales dented by Ukraine conflict

Renault, the Western carmaker most exposed to the Russian market, posted lower first-quarter revenues due to the war in Ukraine and a semiconductor shortage, partially offset by higher prices and rising electric vehicle (EV) sales.

Business • 22 Apr 22

Renault suspends Moscow plant, adjusts 2022 outlook

Renault, the Western carmaker most exposed to the Russian market, said it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country's biggest carmaker.

Business • 24 Mar 22

Russia's Avtovaz is controlled by French carmaker Renault

Russian car maker Avtovaz partially halts production

Top Russian carmaker Avtovaz said today it was partially halting production at its plants in Togliatti and Izhevsk on March 21-25 because of shortages of electronic parts.

Business • 21 Mar 22

Avtovaz