DOCSLIB.ORG

Avtovaz Group 6M 2018 Eng.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Avtovaz Group 6M 2018 Eng.Pdf AVTOVAZ GROUP INTERNATIONAL FINANCIAL REPORTING STANDARDS INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 30 June 2018 AVTOVAZ GROUP Interim Condensed Consolidated Financial Statements 30 June 2018 Contents Section page number Interim Condensed Consolidated Statement of Financial Position.......................................................................................................7 Interim Condensed Consolidated Statement of Comprehensive Income..............................................................................................8 Interim Condensed Consolidated Statement of Cash Flows .................................................................................................................9 Interim Condensed Consolidated Statement of Changes in Equity ....................................................................................................10 Selected Explanatory Notes to the Interim Condensed Consolidated Financial Statements ..............................................................11 1. Corporate information.......................................................................................................................................................11 2. Going concern...................................................................................................................................................................11 3. Basis of preparation and changes to the Group’s accounting policies...............................................................................11 4. Impairment of non-financial assets ...................................................................................................................................13 5. Balances and transactions with related parties ..................................................................................................................13 6. Intangible assets ................................................................................................................................................................16 7. Property, plant and equipment...........................................................................................................................................17 8. Investments in associates and a joint venture....................................................................................................................17 9. Financial assets .................................................................................................................................................................17 10. Other non-current assets....................................................................................................................................................18 11. Inventories.........................................................................................................................................................................18 12. Trade receivables ..............................................................................................................................................................19 13. Other current assets...........................................................................................................................................................19 14. Cash and cash equivalents.................................................................................................................................................20 15. Shareholder’s equity..........................................................................................................................................................20 16. Provisions..........................................................................................................................................................................21 17. Financial liabilities............................................................................................................................................................21 18. Other tax liabilities............................................................................................................................................................22 19. Other current liabilities......................................................................................................................................................22 20. Revenues ...........................................................................................................................................................................23 21. Cost of goods and services sold ........................................................................................................................................23 22. Research and development expenses.................................................................................................................................23 23. Selling, general and administrative expenses ....................................................................................................................23 24. Other operating income and expenses...............................................................................................................................24 25. Other financial income and expenses ................................................................................................................................24 26. Current and deferred taxes ................................................................................................................................................24 27. Contingencies, commitments and guarantees....................................................................................................................24 28. Segment information.........................................................................................................................................................25 29. Financial instruments and fair value hierarchy..................................................................................................................26 30. Events after the reporting period .......................................................................................................................................27 AVTOVAZ GROUP Interim Condensed Consolidated Statement of Financial Position as at 30 June 2018 (In millions of Russian rubles unless otherwise stated) Note 30 June 2018 31 December 2017 ASSETS Unaudited Audited NON-CURRENT ASSETS Intangible assets......................................................................................... 6 6,567 6,667 Property, plant and equipment................................................................... 7 34,033 35,004 Investments in associates and a joint venture............................................ 8 1,396 1,057 Non-current financial assets ...................................................................... 9 - 1 Deferred tax assets..................................................................................... 3,116 1,423 Other non-current assets ............................................................................ 10 12,014 12,932 Total non-current assets.......................................................................... 57,126 57,084 CURRENT ASSETS Inventories.................................................................................................. 11 23,843 23,951 Trade receivables ....................................................................................... 12 22,785 14,815 Current financial assets.............................................................................. 9 1 23 Other current assets.................................................................................... 13 8,596 9,664 Cash and cash equivalents ......................................................................... 14 8,291 8,855 Total current assets.................................................................................. 63,516 57,308 TOTAL ASSETS ..................................................................................... 120,642 114,392 SHAREHOLDERS’ EQUITY AND LIABILITIES SHAREHOLDERS’ EQUITY Share capital............................................................................................... 15 83,501 53,695 Share premium........................................................................................... 15 41,916 26,918 Translation adjustment............................................................................... 533 506 Accumulated losses ................................................................................... (145,988) (149,017) Shareholders’ equity – parent-company shareholders’ share............ (20,038) (67,898) Shareholders’ equity – non-controlling interests’ share ..................... 658 659 Total shareholders’ equity...................................................................... (19,380) (67,239) NON-CURRENT LIABILITIES Deferred tax liabilities ............................................................................... 4 2,660 Provisions – long-term............................................................................... 16 1,224 1,045 Non-current financial liabilities................................................................. 17 62,206 56,571 Advances received..................................................................................... 1,354 1,523 Other non-current liabilities......................................................................
Load more

Recommended publications
  • AVTOVAZ Call with Financial Analysts
    AVTOVAZ Call with Financial Analysts Nicolas MAURE / Dr. Stefan MAUERER CEO / CFO 16.01.2017 Disclaimer Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable assumptions taken on the date of this report, due to their nature, they can be risky and uncertain and can lead to a difference between the exact figures and those given or deduced from said information and statements. PJSC AVTOVAZ does not undertake to provide updates or revisions, should any new statements and information be available, should any new specific events occur or for any other reason. PJSC AVTOVAZ makes no representation, declaration or warranty as regards the accuracy, sufficiency, adequacy, effectiveness and genuineness of any statements and information contained in this report. Further information on PJSC AVTOVAZ can be found on AVTOVAZ’s web sites (www.lada.ru/en and http://info.avtovaz.ru). AVTOVAZ Call with Financial Analysts 16.01.2017 2 AVTOVAZ Overview Moscow International Automobile Salon 2016 AVTOVAZ 50-years History 1966/1970 VAZ 2101 2016 LADA XRAY AVTOVAZ Call with Financial Analysts 16.01.2017 4 AVTOVAZ Group: Key information 408 467 Cars & KDs produced 20.1% MOSCOW AVTOVAZ 331 Representative office sales points 30 IZHEVSK LADA-Izhevsk countries TOGLIATTI plant AVTOVAZ Head-office & 2015: 176.5 B-Rub (2.6 B-Euro) Togliatti plants 2016: estimated T/O > 2015 51 527 p. AVTOVAZ Call with Financial Analysts 16.01.2017 5 LADA product portfolio
    [Show full text]
  • LADA Granta Sport. Дорожная Версия
    AVTOVAZ Press-Info December, 17 Togliatti _______ Jean-Philippe Salar will lead LADA Design team Effective January 1, 2021, Jean-Philippe Salar will take a position of Vice-President, LADA Design Director. Steve Mattin, who acted in this position for the past 9 years, took a decision to step off the operational activities for personal reasons. Jean-Philippe Salar, born in 1973, is coming to AVTOVAZ from position of the Design Director for Groupe Renault in Eastern Europe (based in Bucharest), where he worked for the past 5 years and was in charge of the design development of all the Dacia line-up (Duster, new Sandero, new Logan, including Arkana for Russia). In 2013-2015 Mr Salar headed the design team at Renault Samsung Motors in Korea, in 2008-2013 worked in position of studio chief designer in charge of the Renault Design Center Mumbai in India. Mr Caracatzanis stated: “Steve has successfully led the team at LADA Design. He has been fully engaged in the LADA design renewal for 9 years and is a key contributor to the strong renewal of the LADA model line-up. I thank him for these major achievements and I am happy that Steve has accepted my proposal to continue his relationship with AVTOVAZ as my advisor. I wish Mr Salar all the best in the new position and count on his strong contribution in implementation of the LADA ambitious product plan.” _______ Additional information: AVTOVAZ Group is part of Groupe Renault and manufactures cars in full production cycle and auto components for 3 brands: LADA, Renault, Datsun.
    [Show full text]
  • XXI CENTURY.Pdf
    ТОЛЬЯТТИ- НОВЫЙ ГОРОД РОССИИ Cтраницы истории Сергей Андреев Тольятти сегодня Мэр города Тольятти Sergei Andreev The mayor, city of Togliatti Togliatti a new city of Russia Дорогие друзья! история города не замерла, она развивается, го- History род растет, появляются новые необычные места Today’s Togliatti Рад тому, что мы с вами находимся на удивитель- и рождаются новые жители, которым предстоит ной земле, которую многие считают одним из са- уже самостоятельно создавать будущее Тольят- мых необычных мест Поволжья. ти. И каждый, кто приезжает в наш город, вносит История Тольятти наполнена событиями, людьми частичку своих знаний, впечатлений, чувств и и достопримечательностями, повлиявшими не эмоций в завтрашний день. Надеюсь, что эти чув- только на развитие города, но и на всю Россию. ства окрашены только в позитивные цвета. У нас множество интереснейших мест, в Тольятти Мы все смотрим в будущее, но помним о на- родились и работали выдающиеся ученые, дей- шей истории, которая вершилась на улицах, по ствуют уникальные предприятия. Наша природа которым мы ходим сегодня. Мы открыты ново- относится к красивейшим уголкам страны. Сло- му, рады каждому, кто готов вершить, творить вом, здесь есть чем заняться и на что посмотреть. и работать вместе с нами. Добро пожаловать Именно поэтому мы всегда рады гостям. Ведь в Тольятти! Dear friends! and many sights to see. This is why we are always glad to meet guests. The city’s history is evolving, the I am happy to live on this wonderful land which is city is growing, new and unusual places appear, and believed by many to be one of the most unusual new residents are being born, who will create their places of the Volga region.
    [Show full text]
  • CRUNCH TIME Behind Closed Door at the FIA Crash Tests That Keep Formula One Safe
    INTERNATIONAL JOURNAL OF THE FIA: ISSUE #2 ROAD TO RUIN REVIVING THE EURO Travelling one of the world’s Formerly unloved and most dangerous highways in uncompetitive, the European Bangladesh and how the FIA Rally Championship has is helping reduce the risk P34 had a major makeover P62 THE BEAR ROARS AUTO PILOT PROJECTS From taking road safety to Once the stuff of science fiction, the global stage to building autonomous cars are close to new arenas for world motor becoming the comfortable and sport, Russia is rising P50 safe future of motoring P68 P42 CRUNCH TIME Behind closed door at the FIA crash tests that keep Formula One safe ISSUE #2 BEHIND THE SCENES THE FIA The Fédération Internationale In motor sport, the racing is de l’Automobile is the governing body of world motor sport and the just the tip of the iceberg, the federation of the world’s leading INTERNATIONAL motoring organisations. Founded culmination of months of JOURNAL OF THE FIA in 1904, it brings together 232 national motoring and sporting organisations from 134 countries, technical work to ensure both Editorial Board: representing millions of motorists JEAN TODT, NORMAN HOWELL, worldwide. In motor sport, car and driver have reached GERARD SAILLANT, RICHARD WOODS, it administers the rules and TIM KEOWN, DAVID WARD regulations for all international the highest standards. Editors-in-chief: four-wheel sport, including the FIA NORMAN HOWELL, RICHARD WOODS Formula One World Championship Executive Editor: MARC CUTLER and FIA World Rally Championship This is never more the case than where safety is Editor: JUSTIN HYNES concerned.
    [Show full text]
  • Adressverzeichnis
    ADRESSVERZEICHNIS ANHÄNGER & AUFBAUTEN . .Seite 11–13 BUSSE. .Seite 13–16 LKW und TRANSPORTER . .Seite 16–19 SPEZIALFAHRZEUGE . .Seite 19–22 ANHÄNGER & Aebi Schmidt ALF Fahrzeugbau Andreoli Rimorchi S.r.l. Deutschland GmbH GmbH & Co.KG Via dell‘industria 17 AUFBAUTEN Albtalstraße 36 Gewerbehof 12 37060, Buttapietra (Verona) 79837 St. Blasien 59368 Werne ITALIEN Acerbi Veicoli Industriali S.p.A. Tel. +49.7672-412-0 Tel. +49.2389 98 48-0 Tel. +39 045 666 02 44 Strada per Pontecurone, 7 www.aebi-schmidt.com www.alf-fahrzeugbau.de www.andreoli-ribaltabili.it 15053 Castelnuovo Scrivia (AL) ITALIEN Agados spol. s.r.o. ALHU Fahrzeugtechnik GmbH Andres www.acerbi.it Rumyslová 2081 Borstelweg 22 Hermann Andres AG 59401 Velké Mezirici 25436 Tornesch Industriering 42 Achleitner Fahrzeugbau TSCHECHIEN Tel. +49.4122 - 90 67 00 3250 Lyss Innsbrucker Straße 94 Tel. +420 566 653 311 www.alhu.de SCHWEIZ 6300 Wörgl www.agados.cz Tel. +41 32 387 31 61 Asch- ÖSTERREICH AL-KO www.andres-lyss.ch wege & Tönjes Aucar- Tel. +43 5332-7811-0 Agados Anhänger Handels Alois Kober GmbH Zur Schlagge 17 Trailer SL www.achleitner.com GmbH Ichenhauser Str. 14 Annaburger Nutzfahrzeuge 49681 Garrel Pintor Pau Roig 41 2-3 Schwedter Str. 20a 89359 Kötz GmbH Tel. +49.4474-8900-0 08330 Premià de mar, Barcelona Ackermann Aufbauten & 16287 Schöneberg Tel. +49.8221-97-449 Torgauer Straße 2 www.aschwege-toenjes.de SPANIEN Fahrzeugvertrieb GmbH Tel. +49.33335 42811 www.al-ko.de 06925 Annaburg Tel. +34 93 752 42 82 Am Wallersteig 4 www.agados.de Tel. +49.35385-709-0 ASM – Equipamentos www.aucartrailer.com 87700 Memmingen-Steinheim Altinordu Trailer www.annaburger.de de Transporte, S Tel.
    [Show full text]
  • Nr.105 (01.06 – 15.06)
    Selected News 0 1 . 0 6 – 1 5 . 0 6 . 2 0 1 7 Russian Government plans to boost car exports to 240,000 vehicles in 2025 15.06.2017 / Kommersant T h e Ministry of Industry and Commerce has announced a development strategy for car exports until 2025. According to the baseline scenario, an annual export growth of $4.9 billion is expected: to 240,000 vehicles per year (10% of the production) and $1.6 b i l l i o n worth of auto components. In an ambitious scenario, the exports will rise to $7.8 billion: 400,000 automobiles and components by 16%, generating $2.5 billion. Government subsidies will amount to 136 billion rubles between 2018 - 2015 under the baseline scenari o and to 215 billion rubles under the ambitious scenario, as written in Kommersant. CIS - c o u n t r i e s , the Middle - East (Iran, Lebanon, Jordan), a number of European countries (Czech Republic, Germany, Austria), Asia (India, China), Africa (Egypt, Algeria, Tunisia, Ethiopia) and several countries from Latin America and Southeast Asia are na m e d a s export markets with priority for Russian car manufacturers. CIS - countries, Iran and Lebanon are considered as priority markets f o r international automakers, alongside Turkey, South Africa, Egypt and Tunisia. In general, there are no fundamentally new export support measures in the project. There are plans to formulate a stable export support system for 8 - 10 years, in order to evaluate business cases for the life cycle of the model. It’s expected to develop the suppliers of subcomponents and second and third level materials to reduce costs and the dependency on the ruble exchange rate .
    [Show full text]
  • Additional Information on the Group Composition Established According
    Additional information on the Group composition established according to French regulation n° 2016-09 as of December 2, 2016 from the French Accounting Standard Authority (“Autorité des Normes Comptables”) 2016 Content: 1. Exhaustive list of the consolidated entities 2 2. List of the entities classified as “non-consolidated investments” 8 a. Controlled entities excluded from the consolidation scope classified in “other current assets” (Note 17) 8 b. Non-controlled entities classified in “non-current financial assets” (Note 22) 9 1 1. Exhaustive list of the consolidated entities This is an exhaustive list supplementing the list presented in the note 31 to the 2016 consolidated financial statements. Head Office % of the capital held Name Consolidation method Country directly and indirectly Renault SA France Consolidating company Consolidating company AUTOMOTIVE (excluding AVTOVAZ) FRANCE Renault s.a.s France 100 Full consolidation Auto Châssis International (ACI) Le Mans France 100 Full consolidation Auto Châssis International (ACI) Villeurbanne France 100 Full consolidation Boone Comenor France 33 Equity method Centre de Gestion France 100 Full consolidation Fonderie de Bretagne France 100 Full consolidation IDVE France 100 Full consolidation IDVU France 100 Full consolidation Indra Investissements France 50 Equity method Maubeuge Construction Automobile (MCA) France 100 Full consolidation R.G.T.Im France 100 Full consolidation RDREAM France 100 Full consolidation Renault Environnement France 100 Full consolidation Renault Retail Group
    [Show full text]
  • Additional Information on the Renault Group
    Additional information on the Group composition established according to French regulation n° 2016-09 as of December 2, 2016 from the French Accounting Standard Authority (“Autorité des Normes Comptables”) 2020 Content: 1. Exhaustive list of the consolidated entities 2 2. List of the entities classified as “non-consolidated investments” 8 a. Controlled entities excluded from the consolidation scope classified in “other current assets” (Note 17) 8 b. Investments in other associates, joint ventures and jointly controlled entities (Notes 13 and 17). 9 c. Non-controlled entities classified in “non-current financial assets” (Note 22) 9 1 1. Exhaustive list of the consolidated entities This is an exhaustive list supplementing the list presented in the note 31 in the 2020 consolidated financial statements. % of the capital held Name Head Office Country Consolidation method directly and indirectly Renault SA France Consolidating company Consolidating company AUTOMOTIVE (EXCLUDING AVTOVAZ) France Renault s.a.s France 100 Full consolidation ACI Le Mans France 100 Full consolidation ACI Villeurbanne France 100 Full consolidation Alliance Mobility Company France France 50 Equity method Boone Comenor France 33 Equity method Carizy France 98 Full consolidation Centre de Gestion France 100 Full consolidation Fonderie de Bretagne France 100 Full consolidation Ingénierie de la Division des Véhicules Electriques (I-DVE) France 100 Full consolidation Ingénierie de la Division des Véhicules Utilitaires France 100 Full consolidation INDRA INVESTISSEMENTS SAS France 50 Equity method Maubeuge Construction Automobile (MCA) France 100 Full consolidation Renault Gestion et Transactions Immobilières (R.G.T.Im) France 100 Full consolidation Renault Developpement Industr. et Commercial (RDIC) France 100 Full consolidation Renault Environnement France 100 Full consolidation Renault Retail Group France 100 Full consolidation Renault Samara France 100 Full consolidation RDREAM France 100 Full consolidation Renault Sport Racing s.a.s.
    [Show full text]
  • AVTOVAZ Overview
    AVTOVAZ Overview 05.07.2017 AVTOVAZ 50-years History 1966/1970 VAZ 2101 2016 LADA XRAY AVTOVAZ Overview 05.07.2017 2 AVTOVAZ Group: Key information 408 467 Cars & KDs produced 20.1% MOSCOW AVTOVAZ 331 Representative office sales points 30 IZHEVSK countries LADA-Izhevsk TOGLIATTI plant AVTOVAZ Head-office & 184.9 B-Rub (2.5 B-Euro) Togliatti plants 51 527 p. AVTOVAZ Overview 05.07.2017 3 AVTOVAZ footprint Local Producer of Renault / Nissan / Component Supply Develop / Build / Sell / Service LADA cars globally Datsun cars & Components on Russian market Design Engineering Purchasing (ARNPO) Production incl. components Sales Service + Finance Spare parts AVTOVAZ Overview 05.07.2017 4 LADA product portfolio LADA Granta LADA Kalina LADA Priora LADA Vesta LADA XRAY LADA Largus LADA 4x4 Granta Sedan Kalina Hatchback Priora Sedan Vesta Sedan XRAY Largus 5- or 7-seats 4x4 3-doors Launched Launched Nov, 2015 Feb, 2016 Granta Liftback Kalina Wagon Largus Cross 4x4 Urban 3-doors 5- or 7-seats Vesta SW Granta Pick Up Kalina Cross Largus Fourgon 4x4 5-doors LADA Sport Launch H2 2017 Granta Sport Kalina Sport 4x4 Urban 5-doors Kalina NFR 4x4 Pick Up AVTOVAZ Overview Confidential 05.07.2017 5 Russian TIV Achievements 5m’2017 – LADA Market Share Top-10 brands, К units / MS % Top-10 PC models, К units MS 2017 vs. 2016, % LADA 19.5% 112.8 Kia Rio Kia Rio 38.1 Kia LADA +1,0% Kia 11.9% 68.4 LADA Granta LADA Granta 33.4 Renault VW Hyundai 9.7% 56.0 LADA Vesta LADA Vesta 28.0 Datsun Mazda Renault 8.4% 48.6 Hyundai SolarisHyundai Solaris 25.3 Hyundai GAZ LCV Toyota
    [Show full text]
  • Nr.89 (02.06 – 29.06)
    Selected News 0 2 . 0 6 – 2 9 . 0 6 . 2 0 1 6 Me r c e de s -Benz has signed the agreement on the Greater Moscow plant for passenger cars 22.06.2016 / D e u t s c h e W e l l e G e r m a n automobile group Daimler will start the production of Mercedes - Benz passenger cars in Russia. The agreement on the arrangement of production in Moscow Region has been signed with Mercedes during the St. Petersburg International Economic For u m , told the deputy chairman of Moscow Region: German Elyanushkin on Wednesday the 22nd of June, as reported by Interfax. “In 2019, the year in which we hope to launch production, a new life environment will be created in Solnechnogorsk district” said Elyanushkin . E a r l i e r , the press office of Daimler had confirmed the negotiations with the Russian authorities to Deutsche W e l l e . According to Handelsblatt newspaper, 30,000 automobiles will be assembled at the Greater Moscow plant annually, using imported components. M e r c e d e s - B e n z is considering the 280 hectares E s i p o the Moscow Region, as written in V e d o m o s t i newspaper. The construction of the factory may start before the end of 2016, a c c o vo s i t e i n r d i n g to the information published. Av tov a z expands the model range of its assembly production in Kazakhstan 28.06.2016 / Lada.ru T h e first serial assemblies of Lada K a l i n a , Lada G r a n t a and the 5- d o o r L a d a 4 x 4 automobiles have rolled off the production line of Asia Auto.
    [Show full text]
  • Auto Industry in Russia
    Auto industry in Russia The automotive industry is one of the most socially important sectors of the Russian economy. All world car brands are presented in Russia. The largest companies are light vehicle producers AvtoVAZ and GAZ, while KAMAZ is the leading heavy vehicle producer. Foreign carmakers have production and construction plants in Russia. Table: TOP-10 CAR MANUFACTURERS IN RUSSIA Turnover, mlnRUB, № Name Region 2014 1 LLC Volkswagen Group Rus Kaluga Oblast 230 583 INN 5042059767 OJC AutoVAZ 2 Samara Oblast 189 370 INN 6320002223 LLC Nissan Manufacturing Rus 3 Saint-Petersburg 152 033 INN 7842337791 CJC Renault Russia 4 Moscow 110 592 INN 7709259743 PAO KamAZ Republic of 5 104 389 INN 1650032058 Tatarstan LLC Ellada Intertrade 6 Kaliningrad Oblast 91 640 INN 3906072056 LLC Hyundai Motor Manufacturing Rus 7 Saint-Petersburg 85 392 INN 7801463902 LLC Automobile Plant Gaz Nizhny Novgorod 8 59 278 INN 5250018433 Oblast LLC Ford Sollers Holding Republic of 9 54 888 INN 1646021952 Tatarstan CJC Autotor 10 Kaliningrad Oblast 40 967 INN 3905011678 Thai Trade Center-Moscow, Department of International Trade Promotion LIGHT VEHICLE The light vehicle market shows the leading positions of passenger cars from Japan. There are 6.69 million of these vehicles. They occupy about a half (45.7%) of the foreign car park. Then go European cars with 3.92 million units. Currently, over a quarter (26.8%) of the foreign car park belongs to them, but they are losing their share every year, mostly due to the increment of the American (13.7%) and Korean (12.5%) cars, whose aggregate number is comparable to the “Europeans” (3.83 million units).
    [Show full text]
  • Research of the Current and Development Needs in the Automotive Industry
    Research of the current and development needs in the automotive industry Saint-Petersburg, 2020 Contractor Union “Autoprom North-West” Address: Saint-Petersburg, Peterhof, Novye Zavody st., 50, building 5, litera D, “Maryino” Industrial Park Tel.: +7 (812) 667-84-04 E-mail: [email protected] Website: www.nwasz.ru Industrial automotive cluster “Autoprom North-West” [email protected] www.nwasz.ru Contents 1. Purpose of the research ..................................................................................................................................... 4 2. Methodology .......................................................................................................................................................... 4 3. Schedule of the research ................................................................................................................................... 4 4. Specialized organization of an industrial cluster Union “Autoprom North-West” .................... 5 4.1. General information about Union “Autoprom North-West” .............................................. 5 4.2. The main directions for the activities of the Cluster “Autoprom North-West”........... 6 4.3. Children’s Engineering Center “Autoprom North-West” (Structual unit) .................... 6 5. Actual trends in the automotive industry in Russia ............................................................................... 7 5.1. Market ....................................................................................................................................................
    [Show full text]