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Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info


Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info


How much will the Russian truck market fall?


New president of AVTOVAZ was appointed


The main shareholder of AVTOVAZ, Alliance Rostec Auto BV, approved the candidacy of the new president of the Russian automaker. From June 1st, 2018, this post will be taken by Yves Karakatzanis, reports the press service of Alliance Rostec Auto BV. Nicolas Maure will focus on the duties of the senior vice president of Renault and the head of the Eurasia region, as well as the deputy chairman of the board of directors of AVTOVAZ (elected on April 2nd, 2018). In these functions, Mr. Maure will continue to monitor the financial recovery of AVTOVAZ and the implementation of the company's medium-term development plan.

Yves Karakatzanis is currently the general director of Renault in Romania, where he is responsible for all commercial and production activities. He also holds the position of president and CEO of Automobile Dacia SA, which is today the largest private company in Romania, and the Dacia brand is one of the most actively growing automotive brands in Europe. Mr. Karakatzanis began his career in Renault in 1992. Prior to his arrival in Romania, he held positions of the industrial vice-president of the Eurasia region and the vice-president of the supply chain in different years.

"AVTOVAZ continues to implement its development plan, achieved sales increase and significantly improved its financial results in 2017," - said Sergey Skvortsov, Chairman of the Board of Directors of AVTOVAZ. – “I would like to thank sincerely Nicolas Maure for his contribution to the company's results. Despite some remaining risks, AVTOVAZ is implementing confidently the financial recovery plan. With the start of work of Yves Karakatzanis, we plan to continue LADA sales developing in Russia and abroad, optimize costs both at the company level and in cooperation with suppliers, and update the model line - all these actions will ensure the implementation of the medium-term development plan. "

"AVTOVAZ plays a strategically important role in fulfilling of plan of Group Renault "Drive the Future, ", - said Nicolas Maure. - Together with Yves Karakatzanis, we will continue the implementing of agreed development strategy and realizing short-term tasks. We are optimistic about the development of the Russian automotive market in the long term and we see AVTOVAZ as the leader in the Russian automotive industry".

Tags: avtovaz, russia
17.04.18 AA "AUTOSTAT"
Source: www.autostat.ru