In this photo taken Wednesday, Feb. 17, 2016, buildings of the AvtoVAZ car plant is seen above the residential buildings at the bottom of chimneys in the southern city of Togliatti on the Volga River, Russia. (AP Photo/Ivan Sekretarev)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Russia's biggest car maker Avtovaz, majority owned by Renault-Nissan, said Monday its chief executive Bo Andersson is to step down.Based on the Volga river in the city of Togliatti, Avtovaz is majority owned since 2013 by Renault-Nissan and employs 44,000 people, not counting jobs it generates in the region for its suppliers.Renault said last month it may recapitalize and take over Avtovaz, which weighed with 620 million euros ($680 million) on the French car maker's accounts in 2015 .
FOLLOW THIS ARTICLE