Friday, October 7, 2011

SOK Group offered to AvtoVAZ "old team"

Yesterday, the principal owner of CRS and minority shareholder of AvtoVAZ, Yuri Kachmazov (less than 1% of the shares) made by the shareholders of the plant, proposing a plan for its development in the crisis. According to Yuri Kachmazova, AvtoVAZ is the end of November will be profitable, if the conditions of the ruble devaluation will boost exports Chevy Niva and Lada Kalina, reduce the base of component suppliers and will be tougher to work with the dealers (they offered to give up part of the margin to restore the demand for due to low prices for the machine). Execute the plan, according to Yuri Kachmazova can "old management team of AvtoVAZ," which SOK Group is ready to return to the factory. If the venture fails, the CSR is ready to "meet their assets," assured the Jury Kachmazov. AvtoVAZ called these proposals "uninteresting", adding that the foreign assets of the plant component uninteresting.

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