« The Demon will be Chinese and front-wheel drive | Home Page | Face-lifted Mazda MPV in Japan »
By Yoann Besnard on 15 January 2008 | 
(0) Comments | Permalink
The largest Russian car maker, AvtoVaz has announced that it will open a new factory in Chechnya. The company expects to employ 8,000 people.
In the meantime, the Avtovaz also announced it had recorded a strong 2007 year in its domestic market. The sales totalled 663,500 vehicles, an increase of 6.2% over the same period in 2006. The best-seller is the outdated Lada Samara. Globally, the company sold 770,000 vehicles last year.
If this year follows the December sales trend, 2008 might a very good year for the company and for Renault which recently bought 25% of it. Indeed, its December car sales in the Russian market totalled 62,800 units, up 26.4 percent year-on-year.
Source: Reuters
