AvtoVAZ Owed For 7,000 Vehicles

Dealers owe troubled Russian carmaker AvtoVAZ for almost 7,000 Lada models, accounting for an estimated RUB1.5bn (US$52mn) of lost revenue. AvtoVAZ has long struggled in its relationship with car dealers, with many failing to provide payment for vehicles upfront, but the implications of this have been heightened by warnings that the firm may face bankruptcy.

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