financetom
Business
financetom
/
Business
/
Russia's Avtovaz starts car production in Azerbaijan - CEO says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russia's Avtovaz starts car production in Azerbaijan - CEO says
Mar 29, 2024 1:21 AM

MOSCOW, March 29 (Reuters) - Russia's largest state-run

carmaker Avtovaz has started assembling Lada cars

in Azerbaijan, intending to produce up to 1,500 vehicles in

2024, the company's CEO Maxim Sokolov said on Friday.

The first model of cars produced in Azerbaijan will be Lada

Granta, but later the model range will be supplemented by

production of Niva Legend, Niva Travel and Vesta, Sokolov said.

Over the next few years, Avtovaz intends to produce up to

4,000-5,000 cars a year in Azerbaijan, Sokolov said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Street Color: Spotify Appoints Christian Luiga as CFO
--Street Color: Spotify Appoints Christian Luiga as CFO
Apr 4, 2024
07:47 AM EDT, 04/04/2024 (MT Newswires) -- (Street Color news is derived from real time discussions with market professionals globally subscribed to the Street Color Premium Chat service on Bloomberg IB Chat and the ICE IM. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 293.02, Change: +1.25, Percent...
International Paper to seek London listing if it inks deal with DS Smith
International Paper to seek London listing if it inks deal with DS Smith
Apr 4, 2024
April 4 (Reuters) - International Paper ( IP ) said on Thursday it would seek a secondary London listing if it buys British paper and packaging peer DS Smith ( DITHF ) and the combination could deliver at least $514 million of pre-tax cost savings on an annual basis. International Paper ( IP ) last month stirred up a potential...
Dollarama forecasts annual sales above estimates on strong demand
Dollarama forecasts annual sales above estimates on strong demand
Apr 4, 2024
April 4 (Reuters) - Dollarama ( DLMAF ) forecast annual and quarterly sales above estimates on Thursday, betting on consistent demand for its discounted groceries and essentials. Discount store operators have seen steady demand, even as other retailers struggled with softer sales as cost-conscious consumers increasingly stick to a budget when shopping. Consumers in Canada and the United States have...
--B. Riley Trims Sportsman's Warehouse Holdings' PT to $4 From $4.50, Notes Persisting End-Market Demand Pressure; Maintains Neutral Rating
--B. Riley Trims Sportsman's Warehouse Holdings' PT to $4 From $4.50, Notes Persisting End-Market Demand Pressure; Maintains Neutral Rating
Apr 4, 2024
07:48 AM EDT, 04/04/2024 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved