Board of Russia's AvtoVAZ approves $585 mln in 2023 investment programme - RIA agency

  • 📰 Reuters
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The board of directors of Russian top carmaker AvtoVAZ approved the firm's 2023 investment programme for just under 40 billion roubles ($585 million), Russia's state news agency RIA reported late on Monday.

In the months following the start of the Russian invasion in Ukraine in February, AvtoVAZEarlier in December, Russia's Ministry of Industry and Trade of the Russian Federation reported that the board of directors of AvtoVAZ approved the company's production plan for 2023 at the level of 401,000 vehicles, RIA said.

By Dec. 6, the carmaker had produced 200,000 vehicles this year, according to a statement published on the website of the company's Lada model.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Choosing the right investment strategy can reduce your risk and make the most of your money. I have made over R89,670 profit this year regardless the market condition not just by buying the dip but understanding & implementing trade with signals supplied by TrevorCarlson0

trash just like their military hardware. 🤣🤣🤣🤡🤡🤡

Choosing the right investment strategy can reduce your risk and make the most of your money. I have made over R89,670 profit this year regardless the market condition not just by buying the dip but understanding & implementing trade with signals supplied by TrevorCarlson0

The most expensive car in the world in 2022 with pics ($28 million)

South Africa South Africa Latest News, South Africa South Africa Headlines