AVTOVAZ will invest 30 billion rubles in Vesta and X-Ray in 2015

AVTOVAZ will invest 30 billion rubles in Vesta and X-Ray in 2015

RusAutoNews.Com – AVTOVAZ chairman Bo Andersson has announced an investment of 30 billion rubles in the production of Lada Vesta and X-Ray models, for this year. The company had also invested 20 billion rubles in its model range last year. It has been stated that the 60 billion rubles loan, approved by VEB in December 2012, is being used for the aforementioned investments.

Lada Vesta production will start in Izhevsk, on 25.09.2015. The start of X-Ray production is due for mid-December, on the other hand.

AVTOVAZ plans to continue with the production of Lada Priora till the end of 2018. The model, which replaced VAZ-2210, was manufactured in March 2007, for the first time. Priora, which has been renewed many times since its introduction, will be touched up once more, in order to comply with the new XV style concept of the company. 900,000 of the model have been manufactured up until today.