GAZ Group lifts profits despite revenue fall in 2012

Russia’s largest commercial vehicles manufacturer, GAZ Group, has reported a small decline in revenue in 2012 but record profit margins, helped by the performance of the group’s improved product range in export markets, costs savings in the areas of purchasing and logistics and higher labour productivity. Overall revenue declined just over Subscribe to Automotive World … Continued

• By Megan Lampinen
• July 3, 2013