LuAZ Posts Negative Profit In 2008

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Bogdan Automobile Plant, one of Ukraine's biggest carmakers, has posted a losses of UAH31.7mn for 2008 in its passenger cars and bus production unit OJSC LuAZ, according to a financial report published at the State Commission of Securities and Stock Market. The division incurred these losses despite an increased market share from 14% in 2007 to 22% in