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Avtovaz PAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

9.42RUB
28 May 2017
Change (% chg)

руб-0.03 (-0.32%)
Prev Close
руб9.45
Open
руб9.57
Day's High
руб9.58
Day's Low
руб9.41
Volume
67,800
Avg. Vol
318,065
52-wk High
руб13.18
52-wk Low
руб6.67

Latest Key Developments (Source: Significant Developments)

Russia's Standards Agency says informed about recall of 4,466 Lada cars
Monday, 15 May 2017 06:12am EDT 

May 15 (Reuters) - Russian standards agency Rosstandart said::Informed about voluntary recall of 4,466 Lada cars (Kalina and Granta Sport) sold since Sept. 3, 2015.Recall due to grinding of the fuel/steam tube with a clutch cable (in cars with a mechanical transmission).  Full Article

Avtovaz April sales of new cars and LCV in Russia 26,337 vehicles - AEB
Thursday, 11 May 2017 06:04am EDT 

May 11 (Reuters) - Association of European Businesses::AVTOVAZ <<>> APRIL SALES OF NEW CARS AND LCV IN RUSSIA 26,337 VEHICLES VERSUS 24,648 VEHICLES YEAR AGO .  Full Article

Avtovaz Q1 net loss narrows to RUB 2.79 billion
Thursday, 27 Apr 2017 11:47am EDT 

April 27 (Reuters) - Avtovaz ::Q1 sales revenue 45.98 billion roubles ($803.57 million)versus 38.42 billion roubles year ago.Q1 net loss 2.79 billion roubles versus loss 8.60 billion roubles year ago.  Full Article

Avtovaz Q1 Lada sales in Russia 61,477 units, up 8 pct YR/YR
Tuesday, 4 Apr 2017 04:13am EDT 

Avtovaz : Q1 Lada sales in Russia 61,477 units, up 8 pct versus year ago . March Lada sales in Russia 25,110 units, up 13 pct versus year ago Further company coverage: [AVAZ.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920 ;)).  Full Article

Avtovaz, Yandex to cooperate in integration of internet services into vehicles
Wednesday, 15 Mar 2017 05:05am EDT 

Avtovaz : Signs memorandum of intent with Yandex LLC to jointly develop multimedia systems, including information and entertainment and navigation services . The memorandum includes cooperation in telematics services, connected cars (Connected Car - a car connected to the network) and multimedia systems . Yandex plans to participate in creating the multimedia system of Avtovaz at the level of adaptation of its services . Avtovaz, in turn, plans to install multimedia systems with Yandex services to the main part of LADA cars .The companies expect to conclude a strategic partnership agreement by Dec. 31.  Full Article

FAS approves increase of stake in Avtovaz by Alliance Rostec BV
Monday, 13 Mar 2017 12:44pm EDT 

Federal Antimonopoly Service: Said on Friday it approved application of Alliance Rostec BV to increase its stake in Avtovaz . Following the transaction Alliance Rostec BV will hold more than 75 pct in Avtovaz .Currently Alliance Rostec BV owns 64.6 pct stake in Avtovaz.  Full Article

Avtovaz Feb. sales in Russia 20,003 vehicles, up 5.1% YR/YR - AEB
Thursday, 9 Mar 2017 01:28am EST 

Association of European Businesses (AEB):Avtovaz February sales of new cars and light commercial vehicles (LCV) in Russia 20,003 vehicles versus 19,035 vehicles year ago.  Full Article

Avtovaz plans to lay off 740 employees
Monday, 20 Feb 2017 03:45am EST 

Avtovaz : Plans to cut 740 employees not engaged in main activity, which is less than 2 percent of its total number of personnel . Says the process will be conducted in full accordance with Russian law . Says all laid off employees will be offered existing vacancies in all divisions of Avtovaz, including in the industrial park Further company coverage: [AVAZ.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Avtovaz completes placement of additional share issue
Tuesday, 27 Dec 2016 12:53am EST 

Avtovaz :Says placed 88.52 pct of additional share issue or 2.9 billion shares.  Full Article

Avtovaz launches production of LADA Vesta and Lada XRAY in Kazakhstan
Friday, 9 Dec 2016 01:53am EST 

Avtovaz :Says launches production of LADA Vesta and LADA XRAY as well as Largus wagon and liftback Granta in Kazakhstan.  Full Article

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Exclusive: Top Russian carmaker Avtovaz planning to delist from Moscow Exchange - sources

MOSCOW/PARIS Russia's largest carmaker Avtovaz is planning to delist from the Moscow Exchange after a secondary share offering later this year, two sources familiar with the matter told Reuters.