Russia's AvtoVAZ to up production 56 pct in March

Newswire

MOSCOW, Feb 24 (Reuters) - AvtoVAZ , Russia's biggest carmaker, plans to increase production by 55.7 percent in March, month-on-month, as the state's "cash for clunkers" programme boosts demand, the company said on Wednesday. Loss-making AvtoVAZ, controlled by the government and part-owned by France's Renault , hopes to break even by the end of this year with a sales plan of 400,000 units. [ID:nLDE6130IH] AvtoVAZ plans to produce 38,200 units of market leader Lada in March, the company ...

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