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09 Apr
15:17

Russia’s car production suffers amid Chinese expansion: Avtovaz

Russian carmakers could reduce output by up to 50% against the backdrop of falling demand caused by Chinese expansion, says the head of the main Russian automotive company Avtovaz, Maxim Sokolov. “According to experts, if current trends continue, domestic automakers will be forced to reduce production by half due to the forced transition to a single-shift operating mode (instead of two shifts), caused by a drop in demand in their price segments, where, due t…
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