AvtoVAZ president Maxim Sokolov said the company expects to close 2022 with a modest profit. At the same time, he did not disclose forecast earnings indicators, noting that the auto plant will produce 220,000 cars this year.
“This, of course, is less than last year, but in April the forecasts were much more pessimistic: that the assembly line would be shut down for almost a year, and AvtoVAZ’s losses would reach 30 billion rubles. But as a result, we work six days a week and we will make a small but still certain profit at the end of the year.” – said the head of AVTOVAZ.
Maxim Sokolov confirmed that next year AVTOVAZ plans to produce more than 400,000 vehicles and expand production capacity. The carmaker expects to maintain its market share of the Russian car market at 40%.
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Source: Russia 24
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