AvtoVAZ will produce a record number of Lada cars in 10 years in 2023 – Kommersant
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By the end of 2023, AvtoVAZ will produce more than 374 thousand Lada cars, which is a record for the automaker over the past 10 years. This was announced by the Ministry of Industry and Trade following the annual meeting of the board of directors of AvtoVAZ.
According to press release departments, the company managed to increase production, “despite the negative consequences of external sanctions pressure.” “Work continues on new projects; over the past year, the company has hired more than 2.5 thousand new employees,” added the Ministry of Industry and Trade.
In January, AvtoVAZ President Maxim Sokolova said that its net profit under IFRS for 2022 amounted to 1.6 billion rubles. The company does not publish financial statements. Mr. Sokolov stated, that AvtoVAZ may reduce its production plan for this year by 10%, because due to sanctions, the concern “repeatedly experienced a failure in its logistics and financial chains.” At the same time, he expected positive financial results for this year as well.
About the situation on the auto market – in the material “Kommersant FM” “Sanctions have slowed down Korean cars”.
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