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Avtovaz OAO may boost production 10.5 pct in 2014-Interfax


Tuesday, 18 Mar 2014 07:23am EDT 

Avtovaz OAO:Avtovaz may increase production by 10.5 percent to 484,000 cars in 2014, company President Bo Andersson said on the sidelines of the Russia Automotive Forum organized by the Adam Smith Institute-Interfax.The production plan for this year is 484,000 Lada cars, but it depends on the market, Andersson said, noting that the figure was an initial one and would subsequently be adjusted up or down depending on demand.Avtovaz produced 438,435 cars in 2013, according to data from Autostat.Andersson said Avtovaz might produce 600,000 cars altogether this year, including Renault-Nissan models.Avtovaz plans to halve its warehouse inventory from 70,000 to 35,000 cars. 

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9.215
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11:19am EDT