Mexican Media Brands
AvtoVAZ to Trim Lada Production in Russia
Russia's largest carmaker, OAO AvtoVAZ, is the latest to announce a production cut because of the country's shrinking car market.
#economics
Share
Russia's largest carmaker, OAO AvtoVAZ, is the latest to announce a production cut because of the country's shrinking car market.
The company says it will eliminate 25,000 units from its Lada production plan for September-November.
AvtoVAZ, which is controlled by the Renault-Nissan alliance, also produces Renault and Nissan vehicles. Output of those models appears not to be affected.
Lada sales fell 16% to 220,800 units in the first seven months of 2014, including a 25% drop to 28,000 units in July, according to the Moscow-based Assn. of European Businesses. July sales in Russia dropped 9% for Renault but jumped 21% for Nissan.
General Motors and Ford have already announced production cutbacks in Russia, citing the country's cooling economy.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data