• Mar 31, 2009
Lada C Concept - Click above for a high-res gallery

According to The Detroit News, Avtovaz, Russia's largest car maker and the home of Lada, is in line for government help. The Russian car industry is faring even more poorly than its counterpart in the U.S., with a 60% drop in sales being predicted. To assist Avtovaz with payments to creditors, a lifeline of more than 20 billion rubles is being discussed (upwards of $588 million USD), which would be close to Avtovaz's total debt to suppliers and banks.

It is also being reported that Avtovaz is looking to sign an investment memorandum for 90 billion rubles ($2.7 billion USD) with a cartel of state-run banks. Compared to the sums being doled out in the U.S. that's not a lada money (sorry, had to...), but if Avtovaz can get the agreements signed, it should be in better standing.


[Source: The Detroit News]


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  • 22 Comments
      • 5 Years Ago
      Looks better than most GMs and definitely Chryslers.

      Sad.

        • 5 Years Ago
        Yeah, gimme a GAZ Siber any day over a crappy Chrysler!

        - R
      • 5 Years Ago
      the letter "Z" stands for Zavod (factory).
      Kamaz = Kamsky Auto Zavod.
      • 5 Years Ago
      This car's interior is looking pretty good actually!

      And yeah, their bail-out is tiny compared to the billions doled out on this side of the pond.
      • 5 Years Ago
      Some resemblance to the Nissan GTR
      • 5 Years Ago
      looks like Hyundai's veloster concept.

        • 5 Years Ago
        Not really, more like an Audi A1 ripoff, especially with that color
        • 5 Years Ago
        Indeed.
      • 5 Years Ago
      I really like that interior..very Art Deco.

      I feel like I've seen some of that switchgear before, perhaps in Ford or Chrysler. Does Autovaz share any parts with our manufacturers?
      • 5 Years Ago
      If u think this looks Communist............you're wrong. Communists would have built a brick on wheels with no dash and wooden seats.

      This exterior isn't fantastic, but the interior is surprisingly tasteful.
        • 5 Years Ago
        Ahh, you mean the Lada Riva!

        - R
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