Things are not going to well for AvtoVAZ, the Russian car manufacturer which produces the cheap Lada brand, as production seriously dropped in 2009. In an interview for a German newspaper, the head of Russia’s largest car importer said that AvtoVAZ should be sold to Renault for $1.
"One should sell the Lada maker for $1 to Renault. A takeover like that would be a blessing. Old factories were sold for one mark in East Germany – why should the factories in Russia cost billions?" Serge… (read more)