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News about AvtoVAZ
Fiat and Russian firm Sollers sign $3 bln joint ventureItalian car-maker Fiat and the Russian car factory Sollers recently entered a joint venture to produce half a million cars per year, news agencies reported. The contract, signed in the presence of Russian President Vladimir Putin’s Lada Niva has a German engine Russian Prime Minister Vladimir Putin has installed an Opel motor in his four-wheel-drive Lada Niva. Putin on 25 January revealed the secret of his car’s power - the more powerful motor from Opel, the European Russia unveils own car scrappage scheme Russia will this year introduce a scrappage scheme similar to the cash for clunkers programs that bolstered car sales across Europe in 2009. The plan will encourage consumers to buy new cars by handing out Italy, Russia reach key transport agreements Russian President Dmitry Medvedev’s trip to Italy and his discussions with Italian Prime Minister Silvio Berlusconi two weeks ago led to a series of agreements being signed. Tire maker Pirelli and Russian Technologies put some finishing Fillon, Putin wrap up key energy, auto partnerships France and Russia agreed on 27 November on a broad modernization partnership for the energy and automobile industries, Russian Prime Minister Vladimir Putin said. The agreements also open the way for French participation in Russian-driven Russia hopes Renault will up stake in AvtoVAZ Despite French carmaker Renault’s earlier statement that it will not invest any more money in AvtoVAZ, Deputy Prime Minister Igor Shuvalov was quoted by the press as saying on 10 November that the Russian government No more French money for AvtoVAZ French carmaker Renault will not invest more money in troubled Russian market leader AvtoVAZ, despite a threat by Russian prime minister Vladimir Putin to dilute Renault’s 25% stake in the company should it refuse to Renault to help finance troubled automaker AvtoVAZ FRENCH auto giant Renault is willing to invest in troubled Russian carmaker AvtoVAZ, in which it has a stake, Russian First Deputy Prime Minister Igor Shuvalov said on 6 October. Renault confirmed yesterday that it AvtoVAZ to cut one-quarter of its workforce Russia’s biggest carmaker AvtoVAZ said that it will cut one-quarter of its workforce at its Tolyatti production plant as sales drop, news agencies reported. Annual production will probably fall to 500,000 vehicles, the Togliatti-based carmaker Russias first deficit in a decade Russias government approved on March 19 a revised draft budget for 2009, which foresees the countrys first budget deficit in eight years, news agencies reported. The draft will be submitted to the parliament for consideration First VAZ cars came off the Chechen assembly line The first two VAZ cars ran off the assembly line on June 8 at the Chechen Auto automobile assembly facility in the town of Argun. Russian car manufacturer AvtoVAZ, in which Renault SA holds a 25 percent stake, announced Authorities hit Ernst & Young with tax claim Russian tax officials have hit accounting firm Ernst & Young with a 390-million-ruble (USD 16.5 million) claim in back-taxes, Russian daily Kommersant reported on April 9. Tax authorities said Ernst & Young, one of the Avtovaz stake sale to Renault completed  Russian car maker Avtogaz said in a statement that its sale of 25 percent plus one share to France’s Renault has been completed. Renault paid USD one billion for the stake on the day the Thuringen to help Avtovaz with car component assembly Russia’s Avtovaz and Germany’s Automotive Thuringen e.V intend to cooperate in the production of car components in Russia, the Russian carmaker said. Avtovaz President Boris Alyoshin and Thuringen’s Dieter Althaus signed a protocol of intent Ivanov reiterates opposition to US missile shield Moscow will not cooperate with the United States on a missile defence shield and will continue a moratorium on a treaty on forces in Europe until other former Warsaw Pact states sign it, Deutsche-Presse-Agentur quoted Deripaska buys Russia status of world automotive power Russkiye Mashiny, or Russian Machines, which is controlled by Russian businessman Oleg Deripaska, announced on May 10, that it was buying a stake in Canada's Magna International, one of the world's largest producers of automotive Rosoboronexport chief backs Avtovaz, Gaz possible JV Russian state arms trader Rosoboronexport head Sergei Chemezov has said that the amalgamation of major Russian auto manufacturers AvtoVAZ and GAZ would be correct politically."Amalgamation of AvtoVAZ and GAZ would be correct politically. We have Asia Auto to begin Chevrolet assembly Kazakhstan's Asia Auto plans this summer to begin production of Chevrolet vehicles, the company said in a press release. The assembly agreement was signed last week by Asia Auto President Yerzhan Mandiyev and GM Dae-woo Russia is shining new hub in auto industry While not known for the quality of its own cars, Russia is fast emerging as a hub for foreign automotive giants, with Toyota next in line to lay the cornerstone of an assembly plant in Avtovaz plans Eurobond, IPO Avtovaz is planning to issue Eurobonds, Mikhail Moskalev, vice president for strategic and corporate management, said in an internet call conference devoted to the placement of the Russian No. 1 carmaker’s third ruble-denominated bond, Interfax |
It is said that a week is a long time in politics and this week has been as long as The Commission are sometimes accused of making propaganda, especially when engaging with children, but their Speaking to New Europe ahead of his meeting with European Parliament President, Jerzy Buzek, the A GMO hot potato Near-bankrukpt Greece a culture of corruption, $1 billion a year in bribes Mr. Papandreou goes to Washington Suffer Little Children There more barriers in Ukraine than in Europe Farage to Belgium: I'm sorry; but he's not apologizing to Van Rompuy David Cameron and the Rumble in the Jungle Architecture in Europe Nazi Gold starts a German-Greek war of words France tells Serbia to get over it, Kosovo is gone Banks can create and destroy -... Banks can create money. This time-cherished truth opened the way to the last credit crisis, which still threatens the world Down with the bankers, loan sharks... Europeans have rightfully blamed greedy American bankers whose blood lust for money caused the worldwide recession that put scores of EU says ok to Greek deficit... After the European Union once again delayed any decision on whether to bail out Greece as the country struggles to Farage To Belgium: "I'm Sorry"... Speaking to New Europe ahead of his meeting with Parliament President, Jerzy Buzek, the unrepentant EFD Leader spoke about being Spanish Presidency plan for electric... Spanish Prime Minister Jose Luis Rodriguez Zapatero, whose country holds the rotating European Union presidency, has pledged to present a World unites in Haiti aid effort:... With the whole world watching, as Haiti tries to recover from the 7-richter earthquake that has reportedly killed 50,000, a Although the European Parliament dealt a surprise defeat to an EU-US deal that would have allowed American investigators to look US President Barack Obama on 16 February announced $8 billion worth of loan guarantees to In what is gearing up to be the event of the Defense calendar 2010, UK Even if you’re on the right track, you’ll get run over if you just sit The Baltic states of Latvia and Lithuania said on 24 February that they remained to be convinced that the sale Russian President Dmitri Medvedev said his country is ready to consider new sanctions against Iran Russia’s justice system is still mired in violence and arbitrariness, despite reforms promised by Kremlin Russian President Dmitry Medvedev marked the halfway point of his four-year term in office on Will China redefine great power politics?
China is presenting its ascent not as a power shift, but as a paradigm shift. The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, Showing there is still some major differences between the European Union and China in areas |
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