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avtovaz (AVAZP) Details

Public Joint Stock Company Avtovaz, together with its subsidiaries, manufactures, sells, and services passenger automobiles, assembly kits, and automotive components. It operates in Automotive, Dealership Network, and Other segments. The company is also involved in car distribution and service; and spare parts distribution businesses. Public Joint Stock Company Avtovaz sells its products through a sales and service network in the Commonwealth of Independent States and internationally. The company was incorporated in 1993 and is based in Togliatti, the Russian Federation. Public Joint Stock Company Avtovaz is a subsidiary of Alliance Rostec Auto B.V.

Founded in 1993

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avtovaz (AVAZP) Key Developments

AVTOVAZ Launches Production of LADA Vesta

On September 25, 2015 at the production site of JSC AVTOVAZ - LADA Izhevsk it was started the mass production of the sedan LADA Vesta. LADA Vesta - is the first truly new Russian car for the last decade, developed in Togliatti by using the most advanced technologies in the areas of comfort, safety, ergonomics and chassis settings. The new car will be equipped with AvtoVAZ petrol engines of 1.6 liters with a capacity of 87, 106 and 114 hp. Start of sales of LADA Vesta is scheduled for November 25, 2015. The first buyers may become residents of 22 cities, in which there are 60 of the best dealerships of LADA. In March of 2015 the head of AvtoVAZ said that the preliminary price of Vesta is from RUB 500,000-550,000.

AvtoVAZ Announces Sales Results for the Month and Year to Date Ended August 2015

AvtoVAZ announced sales results for the month and year to date ended August 2015. Sales in August amounted to 20,174 Lada cars. Sales of Lada Largus climbed 31.4% month-on-month in August, while sales of Lada 4x4 advanced 9%. For the year to date, the company reported that its sales tumbled 26% to 181,804 Lada cars. Furthermore, crossover sales edged up 1.2% year-on-year in 2015.

AvtoVAZ Group Announces Earnings Results for the First Half of 2015

AvtoVAZ Group announced earnings results for the first half of 2015. For the period the company reported decreased IFRS net loss by 31.99% to RUB 3.316 billion from RUB 4.876 billion the year before. Revenue increased by 1.35% to RUB 91.872 billion from RUB 90.648 billion, gross profit decreased by 27.7% to RUB 3.725 billion from RUB 5.152 billion, loss before tax by 38.7% to RUB 3.574 billion from RUB 5.83 billion a year ago.


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