AvtoVAZ, Russia’s Largest Car Maker May File for Bankruptcy

Russia’s largest car producer, AvtoVAZ, has announced it may have to file for bankruptcy due to losses and spiraling debts, but that production will not be halted. Executive vice-president Oleg Lobanov told reporters: “In such an event, we...

25% Stake in Russian Carmaker AvtoVAZ to be Sold to Renault

A 25% blocking stake in Russia’s largest carmaker AvtoVAZ will be sold to French giant Renault, a spokesman for the state-run arms exporter said on Friday. Rosoboronexport, which holds a 75% stake in AvtoVAZ, said the agreement would be signed on...