“AvtoVAZ” is recalling thousands of cars in the Russian Lada Largus – Rosbalt.RU

 “AvtoVAZ” informed Rosstandart to conduct a voluntary recall almost 7.5 thousand. Lada Largus.

 “The feedback shall be 7 445 thousand car Lada Largus, implemented with the November 16, 2015 to the present.” – Said the agency

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 As explained in Rosstandart on vehicles covered by the recall may melt wires cooling fan start relay (for vehicles in the configuration with the engine K4M).

 As part of a revocable campaign on cars replacing tap harness conductors, excluding conductors fusion is performed. In the presence of traces of melting on the wires will be replaced harness assembly to the new.

 Net loss of the “AvtoVAZ” in accordance with IFRS for the I quarter amounted to 2016 8.589 billion rbl., That in 48 times the loss for the same period last year. The group’s revenue from the sale of companies fell in January-March of the current year by 21% to 38.417 billion rubles.

 This net loss under RAS amounted to 8.94 billion rubles in the I quarter of 2016. against net profit of 796 million rubles. a year earlier. Revenue thus decreased by 19% to 39.101 billion rubles.

 Long-term liabilities of the company as at 31 March amounted to 94.6 billion rubles., Which is 3% more than at the end of 2015. Current liabilities increased during the same period by 14% to 128.6 billion rubles.