Read the attached article. Then click Reply to respond to one or more of the fol

Question

Read the attached article. Then click Reply to respond to one or more of the following questions: 1. Why was the Russian company AvtoVAZ in need of a foreign investor in 2007? What historical factors made this company such a challenge to run effectively? 2. Evaluate the performance of Renault-appointed Bo Andersson in his position as CEO of the AvtoVAZ plant. Do you think he deserved to be fired, or was he just a scapegoat? Explain your position. 3. Should Renault and Nissan exit the Russian market? Why or why not? http://www.wsj.com/articles/renault-tries-to-fix-russian-misadventure-1460333219

Explanation / Answer

AvtoVAZ s the Russian automobile manufacturerformerly known as VAZ (Volzhsky Avtomobilny Zavod), but better known to the world under the trade name Lada. The current company name is "AvtoVAZ"

The VAZ factory is the largest car manufacturer in Russia and Eastern Europe and one of the largest in the world.

By 2007, they were the cheapest automobiles available in the Russian market and remain the most popular second-hand cars in Russia even after their production ceased. The restyled and modernised 110-series model Lada 2170 Priora is produced since March 2007. The Priora has been upgraded since the production started, and got a new robotized transmission

Mr. Chemezov said Rostec and Renault are preparing a bailout, but the final details were still being worked out. Rostec could convert debt to equity while Renault would have to inject funds, he said. Rostec has said it doesn’t plan to increase its stake.

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