August 09, 2008

Avtovaz car sales in April up by 30% YoY

Reuters reported that Russia's largest car maker, in which Renault is acquiring a 25% stake, saw sales grow by 30% YoY in April 2008 to 67,000 cars.

AvtoVAZ exported 37,400 Lada brand cars in January to April 2008 up by 15% YoY.

France's Renault, which is to pay USD 1.17 billion for its blocking stake, plans almost to double car production at AvtoVAZ to 1.5 million units by 2014, including Lada and Renault models.