Russia gov't could support flagging car maker GAZ

Newswire

MOSCOW, Jan 30 (Reuters) - Russian car maker GAZ Group is in a difficult situation and the government will discuss support measures on Tuesday next week, Russian Deputy Prime Minister Igor Shuvalov told reporters on Friday. GAZ Group, which is controlled by Russian billionaire Oleg Deripaska, shed 20 percent of its staff last year and has said it expects to cut production as the global financial crisis deepens. Shuvalov also said Russia has ordered state-controlled banks to raise loan ...

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