Chief of Russia's biggest carmaker Avtovaz to step down

GMT 09:58 2016 Monday ,07 March

Arab Today, arab today Chief of Russia's biggest carmaker Avtovaz to step down

Russian economy
Paris - Arab Today

Russia's biggest carmaker Avtovaz, majority owned by Renault-Nissan, said on Monday its chief executive Bo Andersson is to step down.

Hit hard by Russia's economic crisis, the company, which makes Lada cars, has been battling with bankruptcy fears since last month reporting a tripling of net losses for 2015.


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