The Business Times
SUBSCRIBERS

New boss of Russian carmaker Avtovaz enters a lion's den

Published Wed, Mar 16, 2016 · 09:50 PM

Moscow

NICOLAS Maure, brought in to turn around Renault-Nissan's Russian carmaker Avtovaz, is entering a lion's den where his predecessor fell foul of diving sales and powerful vested interests among shareholders, suppliers and workers.

The 55-year-old Frenchman is likely to press on with cutting the workforce and weeding out shoddy component suppliers, albeit at a slower place than the last chief, while fending off those who want to keep the status quo.

Avtovaz, producer of Russia's best-selling Lada brand and the country's biggest carmaker by sales, is deeply troubled. Mr Maur…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here