Bank Of Baku

AvtoVAz sees rising sales

AvtoVAz sees rising sales
# 07 April 2010 08:09 (UTC +04:00)
Bakı – APA-Economics. Russian truck-maker KAMAZ (KMAZ.MM) reported higher Q1 sales and AvtoVAZ (AVAZ.MM) said it would boost car production in April as exports and the new government scrappage scheme boosted the auto industry, Reuters reported.

AvtoVAZ said April production of 42,700 cars would be 2,400 more than it had previously planned due to a clamour for its outdated ’Classic’ Lada models -- of which some have been assembled without major changes since early 1970s -- on the back of the scrappage scheme.

Carmaker AvtoVAZ revealed it would produce 11.7 percent more cars in April than last month due to the launch of the new government scrappage scheme for old vehicles.
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