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Russian Lada cars to arrive in Venezuela in November

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(updated 18:26 28.10.2014)
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The first batch of 460 Lada-family cars will arrive in Venezuela in November.

The first batch of 460 Lada-family cars will arrive in Venezuela in November, the Venezuelan trade minister said.

Russia's biggest automaker AvtoVAZ and Venezuela agreed in April on the construction of a Lada assembly plant in Venezuela and on the delivery of 2,250 Lada cars to the Latin American country.

"The first shipment of 460 Lada Kalina, Lada Priora and Lada 4x4 will arrive in Venezuela in November," the Mexican media quoted Richad Canan as saying.

"They will be sold on the local market for 43,000-51,000 bolivars [$10,000-12,000]," the minister added.

Venezuelan President Hugo Chavez travelled around Moscow in a red Lada Priora during his visit to Russia in October.

Chavez, who owned Lada Niva (4x4) in the 1990s, noted reasonable price and low fuel consumption as the main advantages of Lada cars.

AvtoVAZ made a 3.1 billion ruble ($103 million) net profit to IFRS in the first half of 2010 compared with a 19.6 billion ruble ($635 mln) loss in the first half of 2009.

MEXICO, October 30 (RIA Novosti)