VIENNA – Russian auto maker OAO IzhAvto will phase out production of its rear-drive Izh 2126 Oda hatchback and 21261 Fabula station wagon models in early July. Demand for the two cars has been soft since last fall, and IzhAvto has had to reduce production, cut prices and offer special financing programs in order to trim inventory of unsold vehicles. The sudden end for the two models was unexpected, particularly in the case of the Fabula wagon, which was launched just last March. ...

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