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Russia's top carmaker Avtovaz may shorten work week as sales slump

Summary
Russia's largest carmaker, Avtovaz, said on Tuesday that it may shorten its working week from five days to four — a rare move for a major state-owned employer — as high interest rates and competition from China squeeze its sales. Struggling to attract enough car buyers, Avtovaz said last month that it expects sales across Russia’s car market to shrink by 25% this year. The company has blamed the central bank’s high interest rates, which reduce demand for car loans and increase production costs, as a major contributing factor.

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Lean Left

According to the Autostat analysis agency, in the first half of the year, the car market fell by 26.3%, up to 530.375 units, the decline accelerated towards the end of the season, writes The Moscow Times. The largest car manufacturer...

·Romania
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The company is struggling to find enough customers, having already forecast last month that the Russian car market would shrink by as much as 25% this year.

The sale of cars in the Russian Federation has collapsed.

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  • 60% of the sources are Center
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T&T broke the news in on Tuesday, July 22, 2025.
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