Ailing Russian carmaker AvtoVAZ is expecting a recovery of up to 50 percent in the Russian market, as the local auto sector is showing signs of recovery for the current year. Nevertheless, AvtoVAZ has a lot to do before restoring the pre-crisis figures as vehicle production dropped according to just-auto.com by 63 percent in the last year.
AvtoVAZ, 25 percent owned by Renault, will also benefit from a restructuring plan established by Russia and the French manufacturer back in November. Accor… (read more)