UPDATE 1-Russian carmaker AvtoVAZ swings to first-half loss

Newswire

MOSCOW, Oct 2 (Reuters) - Russia's largest carmaker AvtoVAZ swung to a first-half net loss as the country's economic slowdown took a heavy toll on demand. Russian car sales have fallen for six months in a row as the $2 trillion economy has faltered. The Association of European Businesses (AEB) lobby group recently cut its sales forecast for the full year to 2.8 million vehicles, a fall of 5 percent year on year. AvtoVAZ, which Franco-Japanese ...

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