Lada maker AvtoVAZ major beneficiary of government lifeline.
ST. PETERSBURG, Russia – The Russian government plans to allocate RR99 billion ($3.3 billion) in indirect subsidies for the country’s auto industry in 2014. The payouts are included in an existing state program designed to develop Russian industrial production and increase its competitiveness. The government support is earmarked for transportation of cars from the Far East, subsidization of interest rates on loans, compensation of banks’ expenses on preferential car ...
Premium Content (PAID Subscription Required)
"Russia Giving Ailing Auto Industry $3.3 Billion Infusion" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.