UPDATE 1-Putin offers auto aid to avert GM-type job cuts

Newswire

* Putin pledges over $1 bln state support to car makers * AvtoVAZ up 28 pct in Moscow, Kamaz up 14 pct * Car sales may fall by over 60 pct, worse than expected By Anton Doroshev and Simon Shuster TOGLIATTI, Russia, March 30 (Reuters) - Russia pledged over $1 billion in state support to its ailing car industry in a bid to avoid heavy job losses and potential social unrest as the once booming car market may contract 60 percent this year. "Unlike some other companies, AvtoVAZ has not ...

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