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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...
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...