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22 Jan
14:50

Avtovaz lowers car production forecast for 2024

Russian carmaker Avtovaz’s 2024 production plan, comprising 500,000 Lada cars, may undergo changes against the backdrop of stagnation in the car market under pressure from high interest rates, admits company head Maxim Sokolov. “We understand there is now a certain stagnation in the market and, in general, the market has been showing below-expected results for the third month in a row,” he told Russian state media last week at the Russia exhibiti…
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