Company:GM-AvtoVAZ
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Native name | ЗАО ГМ-АвтоВАЗ |
|---|---|
| Type | Joint venture |
| Industry | Automotive |
| Fate | Bought out by AvtoVAZ |
| Successor | Lada West Togliatti (AvtoVAZ's Niva products) |
| Founded | 2 August 2001 |
| Defunct | December 2019 |
| 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) |
GM-AvtoVAZ was a Russian joint venture between General Motors and AvtoVAZ set up in 2001. In 2002, it started producing the Chevrolet Niva, based on the Lada Niva, at its Tolyatti plant. Though both companies had an equal share of ownership, the venture was managed exclusively by General Motors.[2] The venture ended in December 2019, after it was wholly acquired by AvtoVAZ.
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]
Products
As of December 2014, the joint venture produced 571,852 vehicles since production at Tolyatti commenced in 2002.[8]
- Chevrolet Niva (1998—2019)
- Chevrolet Viva (2004—2005)
References
- ↑ "2017 Annual Report". AvtoVAZ. p. 46. http://www.lada.ru/files/reports/annual_report_2017_1_eng.pdf.
- ↑ ""Когда-то Lada по сравнению с Dacia считалась люксовым брендом"". Vedomosti. 13 June 2016. https://www.vedomosti.ru/auto/characters/2016/06/14/645207-kompaniyu-pribilnosti. "– В этом СП «АвтоВАЗа» и GM по 50%, но фактически управляет им GM? – Да.Мы являемся для них важным поставщиком и обсуждаем условия по новой платформе."
- ↑ 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.
- ↑ "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.
- ↑ "About Company". http://gm-avtovaz.ru/en/company/chevrolet_niva/.
- ↑ 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.
- ↑ "АвтоВАЗ начал продавать Chevrolet Niva в своих салонах" (in ru). autonews.ru. https://www.autonews.ru/news/5e4a61429a79470ee252e96d.
- ↑ "2014 Production and Sales Results". 31 December 2014. http://gm-avtovaz.ru/en/company/news/2014_production_and_sales_results/.
External links
- Official website (English)
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