New president of the AVTOVAZ

The board of directors of AVTOVAZ appointed Nicolas Maure as a new president. The ex-president ­ Bo Andersson resigned from his post. Nicolas is a very experienced person in automobile industry, he has been working in Renault­Nissan Alliance since 2000. Maure’s main goal is increasing the share of domestic details, which are used to produce LADA. It will help to reduce the price and increase the sales of Russian equipment.