Rostec to Sell Stake in AvtoVAZ to Renault

State-controlled Russian conglomerate Rostec says it will reduce its stake in carmaker OAO AvtoVAZ to 25% by selling 10 billion rubles ($154 million) worth of its holding to Renault SA.

GM Shelves Replacement for Russian Niva SUV

General Motors Co. says it has stopped development work on a next-generation version of the Chevrolet Niva small SUV, the company’s last Russian-built model.

Renault to Phase Out Dacia Variants in Russia

Renault Group aims to replace the rebranded Dacia cars it currently sells in Russia with its own models.

Renault Names New CEO For AvtoVAZ

Renault SA has appointed Yves Caracatzanis, currently CEO of its Dacia operations, to head Russian carmaker OAO AvtoVAZ, effective June 1.

Yazaki’s Bo Andersson Expands Job Role

Yazaki Corp. has expanded the management role of industry veteran Bo Andersson, who it hired to head its European business last July, to include North and Central American operations.


AvtoVAZ Trims Losses

A rebounding car market in Russia helped industry leader OAO AvtoVAZ shrink its net loss last year by 78% to 9.7 billion rubles ($172 million).

Report: Renault, Rostec Aim to Replace AvtoVAZ’s CEO

The two largest shareholders of Russian carmaker OAO AvtoVAZ are moving to replace Nicola Maure, the company’s CEO, according to news agencies in the country.

Bo Andersson Chosen to Head Yazaki Europe

Longtime global auto industry executive Bo Andersson has been hired as president of the European unit of wiring harness supplier Yazaki Corp. His new assignment began on July 14.


Ghosn: Renault-Nissan Alliance Will Outsell Toyota, VW This Year

CEO Carlos Ghosn predicts the expanding Renault-Nissan alliance will become the world’s top-volume car company this year.


Renault Readies New Sales, Profit Push

Renault SA Chairman Carlos Ghosn is preparing a new plan to hike sales revenue 37% and raise the company’s operating margin to at least 7% by 2022, notes Automotive News Europe.


Renault Hikes First-Quarter Revenue 25%

Renault SA’s increased its revenue 25% to €13.1 billion ($14.3 billion) in the first quarter as worldwide unit sales climbed 16% to 873,700 units.


Renault Details Strengths of Expanding Alliance

Renault SA says its unique alliances with AvtoVAZ in Russia and Nissan and Mitsubishi Motors in Japan give the companies advantages of scale without compromising brand distinctions.


Report: AvtoVAZ to Quit Moscow Stock Exchange

Russia’s largest carmaker, OAO AvtoVAZ, intends to delist from the Moscow Exchange later this year, sources tell Reuters.


Renault-Nissan Alliance Sales Nearly Match GM’s Total

The Renault-Nissan alliance, which added Mitsubishi Motors last year, sold a combined 9.96 million vehicles last year, only 5,000 units short of the record 10.01 million reported on Tuesday by General Motors Co.


Renault Plans €1.2 Billion Bailout for AvtoVAZ

Renault SA plans to fund most or all of an 85 billion-ruble (€1.2 billion) recapitalization of Russian Lada maker OAO AvtoVAZ, Reuters reports.


AvtoVAZ Plans Another Production Cutback

Lada-maker OAO AvtoVAZ says it will reduce production to four days per week at its giant factory complex in Togliatti between Oct. 17 and Feb. 19.


Renault Profits Soar 41% in First Half

Group operating profits at Renault SA jumped to €1.5 billion ($1.7 billion) in January-June from €980 million in the same period last year.


AvtoVAZ CEO: No Profits Until 2018

Nicolas Maure, who was named CEO of OAO AvtoVAZ in March, says the Russian maker of Lada cars won’t post a full-year profit until at least 2018.

Ghosn Gives Up Chairmanship of AvtoVAZ

Renault-Nissan Alliance CEO Carlos Ghosn will relinquish his position as chairman of Russia’s largest carmaker, OAO AvtoVAZ , on June 23.


Dacia to Focus on Branding as Sales Stall

Renault SA’s low-price Dacia unit aims to build brand recognition this year as its sales growth stalls.

Dacia CEO to Head AvtoVAZ

Russian carmaker OAO AvtoVAZ has named Nicolas Maure to become its new CEO on April 4.

AvtoVAZ CEO Andersson to Step Down

As expected, Bo Andersson is leaving OAO AvtoVAZ after more than two tumultuous years as CEO of Russia’s largest carmaker.

Lada Seeks New CEO

Russia's OAO AvtoVAZ is looking for a new leader to replace Bo Andersson, sources tell Reuters.


UPDATE: AvtoVAZ Seeks Aid As Losses Triple

Russia’s largest carmaker, OAO AvtoVAZ, says its net loss tripled to 74 billion rubles ($932 million) in 2015.

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