Financial Times FT.com

Auto crunch

Moscow pressed to boost aid to Avtovaz

By Catherine Belton in Moscow

Published: October 12 2009 18:07 | Last updated: October 12 2009 20:00

Avtovaz manufacturing siteReuters
Stalling: after announcing first-half net losses of Rbs19.4bn, Avtovaz said there was doubt that it could continue without more help

Pressure mounted to provide more financial aid to Avtovaz after Russia’s biggest carmaker said on Monday its first-half net loss had risen tenfold to Rbs19.4bn ($657m).

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