AvtoVAZ Renault brought losses Bashny.Net

French carmaker Renault has received in the first half of 2013 to participate in the "AvtoVAZ" loss of 10 million euros and profit of 4 million euros. Such data are contained in the published financial statements of the company.
The company retains an interest in AvtoVAZ, as the company invests in the largest amount of investment compared to other subsidiaries and affiliates. At the end of June 2013 Renault owned 35, 91% of the shares of Togliatti auto giant. According to the existing treaties, by June 2014 the French automaker should get 50, 1% of the shares of AvtoVAZ.

In addition, Renault said that net profit in the first half amounted to 97 million euros compared with 774 million euros a year earlier. Group revenues amounted to 20,441 million euros, which is 0, 9% lower than in the first half of 2012, while total sales of approximately 1, 3 million vehicles, up 1, 9% lower than six months of 2012 . "The increase in sales outside Europe could not compensate for the still low auto sales in Europe and in particular in France," - said in an official statement.





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