Company:Lada West
 | |
Native name | АО ЛАДА ЗАПАД |
|---|---|
| Type | Joint venture |
| Industry | Automotive |
| Founded | 2 August 2001 |
| Headquarters | Tolyatti, Samara Oblast , Russia |
Area served | Commonwealth of Independent States |
| Products | Chevrolet Niva |
Production output | 32,909 vehicles (2017)[1] |
| Owners |
|
Number of employees | 1,600 (2015) |
| Website | chevrolet-niva |
Lada West Russian manufacturer automobile Chevrolet Niva, returning to AvtoVAZ in December 2019.
From 2001 to 2019, it was a joint venture of the American corporation General Motors and AvtoVAZ, which was called CJSC GM-AvtoVAZ.[2]
History
In 2004 the joint venture briefly produced the Chevrolet Viva, based on the 1998 Opel Astra saloon, but after low sales of only 5,000 the model was dropped.[3]
The joint venture reached difficulties and production stoppages for a fortnight in February 2006 when AvtoVAZ was taken over by Rosoboronexport, the Russian state-owned arms-export agency, and a disagreement between the new owners and GM lead to stoppages of the supply of engines and other components.[3]
In September 2012, the joint venture announced plans to expand by 2015, hiring an additional 1,400 employees and increasing its annual production capacity from 100,000 to 120,000 vehicles.[4]
Ownership
File:Russia Re-Industrializes as Energy Boom Fades.theora.ogv The joint venture was created with investment from General Motors ($99.1m, 41.61%), AvtoVAZ ($99.1m, 41.61%) and the European Bank for Reconstruction and Development ($40m, 16,78%, plus a loan facility for $100 million). In September 2012 GM and Avtovaz purchased EBRD's share, turning the joint venture into a 50/50 relationship.[5]
In December 2019, AvtoVAZ acquired General Motors' stake in the venture, ending it.[6] The Chevrolet branding would still be used by AvtoVAZ on the Niva models until August 2020, before replacing it by Lada.[7]
According to statements by Renault, the company would close down its Renault Russia's Moscow plant and transfer production to the site of the GM-AvtoVAZ plant in Tolyatti. That includes the assembly of the Renault Duster, Renault Kaptur, Renault Arkana and Duster-based Nissan Terrano.[citation needed]
Products
As of December 2014, the joint venture produced 571,852 vehicles since production at Tolyatti commenced in 2002.[8]
- Chevrolet Niva (1998—present)
- Chevrolet Viva (2004—2005)
References
- ↑ "2017 Annual Report". AvtoVAZ. p. 46. http://www.lada.ru/files/reports/annual_report_2017_1_eng.pdf. Retrieved 2 November 2018.
- ↑ ""Once Lada was considered a luxury brand in comparison with Dacia"". Vedomosti. 13 June 2016. https://www.vedomosti.ru/auto/characters/2016/06/14/645207-kompaniyu-pribilnosti. Retrieved 7 July 2017. "–This joint venture between AvtoVAZ and GM has 50% each, but does GM actually manage it? - Yes. We are an important supplier for them and we are discussing the terms of the new platform."
- ↑ 3.0 3.1 "GM: Learning the Ropes In Russia". Bloomberg Business Week. 8 February 2007. http://www.businessweek.com/stories/2007-02-08/gm-learning-the-ropes-in-russiabusinessweek-business-news-stock-market-and-financial-advice. Retrieved 18 December 2012.
- ↑ "GM-AvtoVaz To Expand Capacity By 20% By 2015". Wall Street Journal. 21 September 2012. https://www.wsj.com/article/BT-CO-20120921-702821.html. Retrieved 18 December 2012.
- ↑ "About Company". http://gm-avtovaz.ru/en/company/chevrolet_niva/. Retrieved 22 January 2015.
- ↑ Stolyarov, Gleb; Marrow, Alexander (9 December 2019). "GM pulls out of Russian JV with AvtoVAZ". Automotive News Europe. https://europe.autonews.com/automakers/gm-pulls-out-russian-jv-avtovaz. Retrieved 17 February 2020.
- ↑ "АвтоВАЗ начал продавать Chevrolet Niva в своих салонах" (in Russian). autonews.ru. https://www.autonews.ru/news/5e4a61429a79470ee252e96d. Retrieved 17 February 2020.
- ↑ "2014 Production and Sales Results". 31 December 2014. http://gm-avtovaz.ru/en/company/news/2014_production_and_sales_results/. Retrieved 22 January 2015.
External links
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