But Russia's car maker predicts a return to profit
18 June 2010

Russia's largest carmaker, Avtovaz, lost 49.2bn roubles (£1.1 billion) in 2009 - more than double the amount of the previous 12 months.

However, it is predicting a return to profit this year, boosted by a scrappage scheme in Russia that was launched last March.

Renault owns a quarter of Avtovaz, and is helping the company develop a low-cost car.

Avtovaz has the capacity to assemble more than 800,000 cars a year In 2009 it sold fewer than 350,000 cars.

Find an Autocar car review

Driven this week

  • DS 7 Crossback E-Tense 2019 first drive review - hero front
    15 November 2019
    First Drive
    DS 7 Crossback gains a new flagship plug-in hybrid four-wheel-drive powertrain
  • Mazda 3 2019 road test review - hero front
    15 November 2019
    Car review
    The Japanese firm puts its new-age petrol engine in the fourth-gen family...
  • Mercedes-AMG GT R Pro
    14 November 2019
    First Drive
    Mercedes-AMG’s V8 sports car gets a hardcore chassis makeover but remains...

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • DS 7 Crossback E-Tense 2019 first drive review - hero front
    15 November 2019
    First Drive
    DS 7 Crossback gains a new flagship plug-in hybrid four-wheel-drive powertrain
  • Mazda 3 2019 road test review - hero front
    15 November 2019
    Car review
    The Japanese firm puts its new-age petrol engine in the fourth-gen family...
  • Mercedes-AMG GT R Pro
    14 November 2019
    First Drive
    Mercedes-AMG’s V8 sports car gets a hardcore chassis makeover but remains...