The priority task of the Russian car producer AvtoVAZ is to launch the production of a new car - Kalina, or VAZ-1118 - no later that in 2004 and to continue producing traditional car models, Vladimir Kadannikov, the chairman of the AvtoVAZ board of directors, announced. He noted that the launch of Kalina production would require about $176 million in investments, so the company is looking for additional sources of financing now. Kalina is a B class car and AvtoVAZ is also working on a D-class car.
An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building