Lada
Lada maker AvtoVAZ said it has to set up new production chains and logistics after Renault sold its majority stake in the Russian automaker.
AvtoVAZ's Lada sales rose 75 percent in August as a government program to subsidize new vehicles supports demand, which collapsed after Russia's invation of Ukraine.
Renault struck a deal in May to sell its majority stake in AvtoVAZ, with a six-year option to buy it back.
AvtoVAZ will bring forward its corporate vacation to next month in order to stockpile more components.
Minto, who has held a number of financial management positions at Renault, will help launch a stragetic plan for the business unit to take advantage of production and development synergies and develop new markets.
Lada, Peugeot, Land Rover and Audi bucked the down market with sales growth. Lexus, Volvo and VW had steep drops.
Renault CEO Luca de Meo has combined Dacia and Lada into a single business unit, with the aim of sharing platforms and at the same time moving into the more-profitable compact segment.
The Russian brand will use its best-known model name for small and compact SUVs to be built on a Renault-Nissan alliance platform.
Unit sales of cars and light trucks by nameplate in the U.S. listed alphabetically under brand and automaker for the current and previous year periods
Former Volvo styling chief Steve Mattin was hired to transform Lada's dull designs. Mattin says future Ladas will look simple and robust but must also excite potential buyers.
