• Save
  • Email
  • Print
  • Most Watched
  • Most Read

AvtoVAZ aiming for 1.2 mln cars p/y by 2020 - sources

Quotes

   

Wed Mar 10, 2010 3:13pm GMT

MOSCOW March 10 (Reuters) - Russian carmaker AvtoVAZ (AVAZ.MM) is aiming to produce around 1.2 million cars a year with partners Renault (RENA.PA) and Nissan (7201.T) by 2020, three sources familiar with the situation said on Wednesday.

The Lada-maker, 25 percent owned by France's Renault, is forecasting sales of just 400,000 cars this year following its near collapse in 2009.

(Reporting by Gleb Stolyarov, Writing by John Bowker)

((john.bowker@reuters.com;+7 495 775 1242 Reuters Messaging: john.bowker.reuters.com@reuters.net)) Keywords: AVTOVAZ/

(C) Reuters 2010. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nLDE62923G