25 Sep 2009 16:25

Avtovaz to halve 2010-2013 investment program to 42 bln rubles

MOSCOW. Sept 25 (Interfax) - Russian carmaker Avtovaz plans to cut its 2010-2013 investment program in half, to 42 billion rubles, Avtovaz representative Alexander Shmygov said, citing company Vice President Vitaly Vilchik.

Vilchik also said that Nissan has proposed starting up assembly of Class B cars at the plant under its own brand before 2012.