AvtoVAZ will invest 3 billion euros ($4 billion) through 2020 under a business plan approved by the carmaker’s board of directors Wednesday, a board member said by telephone.
AvtoVAZ will be profitable by the end of 2010, the board member said on condition of anonymity. The carmaker plans to make as many as 1 million units a year by 2020, he said.
(Bloomberg)
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