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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

Revived Moskvich car brand breaks into Russia's top 10

Russia's Soviet-era Moskvich car entered the country's list of top 10 best-selling brands for the first time in November, data from Russian analytical agency Autostat showed today.

Business • 05 Dec 23

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 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

Renault said its worldwide group sales fell for the third year in a row last year

Renault's higher-value brands focus pays off in 2021

A solid performance by Renault's higher-value brands helped soften an overall drop in annual worldwide group sales at the French carmaker, as its focus on more profitable models pays off.

Business • 17 Jan 22

Renault's overall Q1 sales slipped to €10 billion from a year earlier, the fifth successive quarter of falling revenue

Renault posts falling revenue amid turnaround effort

French carmaker Renault has today reported a fall of 1.1% in first quarter revenue, despite a boost from rising vehicle prices as the group looks to focus on more profitable models under chief executive Luca de Meo.

Business • 22 Apr 21

Renault said its net income rose to €2.82 billion from €1.89 billion a year earlier

New models lift Renault profit despite Russia hit

Renault's full-year profit rose almost 50% in 2015 on strong sales of new models, but the French carmaker slashed the value of its stake in Lada-maker AvtoVAZby €225m amid a Russian car market slump.

Business • 12 Feb 16

Sales of the Lada dropped 16% to 351,992 units in the first 11 months of 2014

Price of Russia's Lada to rise on rouble weakness

The price of Russia's most popular car, the Lada, will increase by 9% this week because of the plunging rouble, the country's largest carmaker Avtovaz said.

Business • 13 Jan 15

Lada