AvtoVAZ sales down 8%

AvtoVAZ sales: In the first full year of trading since it joined forces with Renault-Nissan, Lada manufacturer AvtoVAZ announced that joint venture sales were down by nearly 8% to 821, 404 as the overall economy slowed down. This is likely to be a temporary setback, as by 2016 the Renault-Nissan/ AvtoVAZ alliance is expected to have an annual production capacity of at least 1.7m in Russia, spanning five models across four brands. The Moscow Times