In 2010 AVTOVAZ plans to finish the basic measures which help to overcome the crisis

In 2010 AVTOVAZ plans to finish the basic measures which help to overcome the crisis concerning operational expenses cutting-down, achievement of optimum number of personnel and debt restructuring. Igor Komarov, the president of AVTOVAZ, told about it on air of the radio station �Echo of Moscow�. He also informed that in March-April AVTOVAZ expects to sign agreements with the alliance Renault-Nissan.
Besides, Mr. Komarov expressed hope that agreements with banks about debt restructuring will be signed in the near future. �These are basic measures which will allow us to reach break-even work and to create a base for further development of AVTOVAZ�, he remarked. In particular, it is planned to restructure the plant and manufacture of cars and auto components will be left in the structure of AVTOVAZ for which there is now search for a strategic investor. Besides, according to Mr. Komarov, AVTOVAZ should update a model line thus new models will be produced on new capacities.