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17 Nov

Avtovaz lowers car production forecast

Russian carmaker Avtovaz admits its production plan for the current year, which currently amounts to about 400,000 Lada cars, will need to be adjusted. “It will be a little less and the correction will be within 10% for an obvious reason. Because of Western sanctions introduced against the company in September, there were repeated failures in logistics and financial chains,” company president Maxim Sokolov told Russian state media on the sidelines of t…
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Svetoslav Abrossimov  |  Bulgaria
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