AvtoVAZ 2013 Loss Reflects Soft Russian Market


MOSCOW, Feb 18 (Reuters) - Russia's largest carmaker, Avtovaz, reported a loss of 6.9 billion roubles ($196 million) for 2013 under Russian accounting standards, due to a deterioration in the country's auto market. Russian auto sales have faltered as economic growth slowed, causing people to put off making large purchases. Car sales fell by 5 percent in 2013, according to lobby group AEB, which is forecasting another weak year because of the faltering economy. The loss for the maker ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Feb 10, 2017

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×