The Russian car industry is on its knees: AvtoVAZ cannot withstand competition with China –

The Russian car industry is on its knees: AvtoVAZ cannot withstand competition with China –

Russian car concern AvtoVAZ is on the verge of bankruptcy and is asking for help from the state. The Russian car industry is falling fast. The AvtoVAZ concern is stuck in multi-billion dollar debt and will not be able to get out without government subsidies. Sergei Chemezov, head of the Rostec group, which owns more … Read more