Home » today » Business » LADA has stopped car production

LADA has stopped car production

Production of the iconic Russian Lada car has been halted as Western sanctions have deprived the parent company of the parts and consumables it needs to make cars. Thousands of workers have been put on leave, Marketwatch reported.

However, according to Russian media, the suspension is temporary and will be restored in the coming days.

In Soviet times, Lada’s parent company, AvtoVAZ, built a giant factory on the banks of the Volga River.

What will life be like in Russia with the “avalanche” of financial sanctions

It is likely that the ruble exchange rate will be fixed


Until the 1980s, the Lada brand was used only for cars intended for export, while on the domestic market it was sold as Lada, and then as Sputnik (the next family), which was exported as Lada Samara and soon began to be called so in the USSR. “AvtoVAZ” writes the brand in capital letters, only in Latin: LADA. In 2011, British designer Steve Matin was appointed chief car designer.

Will Russia become insolvent due to severe financial sanctions?

Will Russia become insolvent due to severe financial sanctions?

Pythia is the fifth largest country in the world in terms of gold and foreign exchange reserves


In 2012, the Renault-Nissan Alliance acquired a 75% stake in AvtoVAZ, with Renault investing $ 300 million in the joint venture over the next two years and Nissan $ 450 million. Under the agreement, Renault and Nissan cars can be produced together with Lada models at the plant in the Russian city of Togliatti.

Zapadnite canĸtsii, nalozheni na Pyciya zapadi invaziyata in Uĸpayna, ppinydixa decetĸi cvetovni ĸompanii ea cppat opepatsiite in ctpanata, a nyaĸoi, vĸlyuchitelno enepgiynite ĸompanii Vrіtіѕh Retroleum and Ѕhell (ЅNEL.L) ĸoito zayavixa, flashover design could napycnat ctpanata.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.