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. Last Updated: 07/27/2016

AvtoVAZ Hikes Prices

Boris Berezovsky, general director of the All-Russian Auto Alliance, said Thursday that the AvtoVAZ car maker will again raise the price of its Zhiguli and Lada cars by the end of February.

Berezovsky cited growing production costs, though he would not say how much the price would go up. He said he doubted that the higher price would hurt AvtoVAZ sales, since other Russian producers have already increased their prices.

AvtoVAZ increased the prices of its cars by about 50 percent from Nov. 1, 1993, with a top-of-the-line Lada model priced at 13.5 million rubles ($8,615). Since then, Russian car producers GAZ, Izhevsk and AZLK have raised their prices as well.

In the latest of the price hikes, AZLK, which produces Moskvich cars, raised its prices by 25 percent to about 8.5 million rubles, bringing them near to basic AvtoVAZ models.

AvtoVAZ and AZLK resumed operation this month after breaks caused by shortages of funds and parts. AvtoVAZ halted production for all of January, while AZLK closed for the last two weeks in that month.