VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД
breakingnews
Go to main page   Business   News   Avtovaz to produce snowmobiles  
MORE ON THE STORY
AFP Photo / Maxim Marmur 18.03.2010, 11:38 1 comment

Avtovaz unveils modernization plan

Russia's largest carmaker, Avtovaz, has come up with a $3.7 billion investment strategy over this decade. On Thursday the struggling car giant expects to receive the government's go ahead.

04.03.2010, 17:28

Avtovaz to slash prices on low cost models

Avtovaz will slash prices for late model Lada 2105s and Lada Kalinas according to a Vedomosti report referring to Igor Burenkov, director of external relations at Avtovaz.

07.05.2010, 11:27

Car purchase scheme brings out the buyers

The second month of the Russian cash for clunkers scheme has locally produced cars getting a major boost, with demand so strong that there may not be enough vouchers to meet demand.

19.03.2010, 13:31 6 comments

Russian ‘Silicon Valley’ to be built near Moscow

President Medevev has announced during a speech to young scientists that Russia is to build its equivalent of Silicon Valley in the village of Skolkovo near Moscow.

19.10.2009, 20:28 1 comment

Avtovaz losses bring bankruptcy talk to the surface

Mounting losses at Avtovaz, have stakeholders muttering about stemming the losses and bankruptcy, as the company races against time to rev up its range, slash employees, and service crippling debts.

Russian Prime Minister Vladimir Putin speaks at the opening of a Nissan plant on the outskirts of St. Petersburg on June 2, 2009 (AFP Photo / RIA Novosti / Pool / Alexey Druzhinin) 02.06.2009, 16:07 1 comment

Nissan unveils new St Petersburg plant

Japanese carmaker Nissan has opened its first production plant near Russia's St. Petersburg.

28.09.2009, 17:44

Valio sniffs the cheese with new Moscow plant

Finnish dairy group, Valio, is looking to bolster its presence in the Russian market unveiling two major moves.

03.12.2009, 14:26

Rusal signs off on $16.8 billion debt restructure

Russian aluminium producer, Rusal, has announced the signing of a comprehensive agreement enabling it to restructure $16.8 billion in debt.

18.03.2009, 10:22

Global carmakers in Russia prepare for the longer haul

One of Russia’s main economic zones, the Kaluga region, plans to attract $500 million of foreign investment this year, less than a third of its 2008 total, as the key carmaking industry slows.

14.12.2009, 09:38

IFC chips in to green Russia

The investment branch of the World Bank group, IFC, is doing benchmarking for Russia’s iron casting industry to help it shift to a more environmentally sustainable basis.

Avtovaz to produce snowmobiles

Published: 08 June, 2010, 13:03

TAGS: Investment, Manufacturing, Markets, Regional development, Finance


Avtovaz, through it’s subsidiary, Avtovaz Perscpective, will produce snowmobiles twice as cheap and much slower than other national brands, reports Vedomosti.

Director of Svettekservice, Oleg Petinov, confirmed to Vedomosti that his company had developed the model for Avtovaz which was funded under a 1.5 million rouble grant from the innovation fund of the Samara region.

Igor Burenkov, communications director for Avtovaz said that 3000 laid-off employees from Avtovaz were transferred to the subsidiary. According to the company, the vehicle can be used in winter as a snowmobile and in summer as a tractor.

The price of the new snow vehicle will not exceed 60,000 Roubles and will be equipped with a 6 liter pp and will have a maximum speed of 20km/h. Other national makes like the Buran and Taiga have much larger engines and can reach between 55-90 km/h.

+2 (2 votes)
 
Back to top
next MORE NEWS
08.06.2010, 10:44

New farming project to revive Russian agriculture

A farmhouse lifestyle - in return for your labour- and your animals watched over by web-cams. It's the reality on offer in the New Russian Village - a multi-million dollar private project.

08.06.2010, 13:39

Yum! Brands to acquire Rostik’s KFC

Yum! Brands, which owns KFC, will take over Rostik’s KFC, with the Russian Federal Anitmonopoly Service approving the sale of the company.