AvtoVAZ CEO Announces Lada Price Freeze

Newswire

MOSCOW, Aug 28 (Reuters) - Russia's top car maker Avtovaz has no plans to further raise prices for its Lada cars this year as depressed market conditions have hit demand, its chief executive told Reuters on Thursday. "We must be competitive, we have no plans to raise prices this year," Bo Andersson said on the sidelines of the annual Moscow International Automobile Salon. The company, controlled by French-Japanese car making alliance Renault-Nissan , said on Monday it would cut ...

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