Report: Russia's AvtoVAZ finally turns a profit after many years
The cars that sold were reported to be mainly "older and cheaper models." In response, Russian Prime MInister Vladimir Putin advised Avtovaz CEO Igor Komarov to modernize the company, rather than flogging ancient Lada designs even if the flogging is good. Komarov said Avtovaz is sending a team of 500 to study Renault's manufacturing methods, which could mean they're finally getting around to that technology sharing broached almost a year ago. Now if we could just get that Lada C concept built...
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