Lada West Togliatti

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JSC Lada West Togliatti
Native name
АО Лада (LADA) Запад Тольятти
IndustryAutomotive
PredecessorGM-AvtoVAZ
Founded
  • December 2019 (de facto)
  • 15 April 2020 (de jure)
Headquarters
Tolyatti
,
Russia
Key people
Yuri Skulsky (Director)
ProductsCars
RevenueDecrease ₽12,927.96 million[1] (2019)
Decrease ₽-816.80 million[1] (2019)
Decrease ₽-1,495.26 million[1] (2019)
Total assetsDecrease ₽4,648.21 million[1] (2019)
Total equityDecrease ₽1,848.93 million[1] (2019)
ParentAvtoVAZ

Lada West Togliatti (Russian: Лада Запад Тольятти, IPA: [ˈladə ˈzapət tɐlʲˈjætʲ(ː)ɪ]) is a Russian car manufacturer owned by AvtoVAZ. The company came from GM-AvtoVAZ, a joint venture between AvtoVAZ and General Motors.

History[]

Lada West Togliatti predecessor was GM-AvtoVAZ, a joint venture created in early 2001 for producing the VAZ-2123 (Niva II) off-road vehicle under the name Chevrolet Niva. Initially, the venture had three co-owners: AvtoVAZ and General Motors (GM) each owned 41.6% of the shares, and the remaining 16.8% belonged to the European Bank for Reconstruction and Development (EBRD). In 2012, the EBRD withdrew from the venture, selling its shares equally to partners.[2]

In December 2019, GM sold its stake to AvtoVAZ, making GM-AvtoVAZ a wholly owned subsidiary of the latter. The former venture kept the right to continue using the Chevrolet marque for a certain amount of time.[3][4] On 15 April 2020, AvtoVAZ officially dropped the GM-AvtoVAZ name and re-incorporated the former venture as "JSC Lada West Togliatti".[5]

In July 2020, Lada West Togliatti stopped assembling Chevrolet-badged Nivas, adopting instead the Lada marque.[4] In December 2020, Lada West Togliatti introduced the Niva Travel, a revised Niva.[6]

Leadership[]

The first general director of Lada West Togliatti was Romuald Rytvinski who also hold the same position while it was a joint venture with GM. In December 2020, he was replaced by Yuri Skulsky, the then human resources chief of the company.[7]

References[]

  1. ^ a b c d e "АО "Лада Запад Тольятти": бухгалтерская отчетность и финансовый анализ" [JSC Lada West Togliatti: accounting reports and financial analysis] (in Russian). Lada West Togliatti. Retrieved 1 February 2021 – via Audit-It.
  2. ^ "Завод GM-AvtoVAZ переименовали" [GM-AvtoVAZ was renamed]. Drom (in Russian). 16 April 2020. Retrieved 31 January 2021.
  3. ^ Stolyarov, Gleb; Marrow, Alexander (9 December 2019). "General Motors pulls out of Russian car assembly business with Avtovaz deal". Reuters. Retrieved 1 February 2021.
  4. ^ a b "«АвтоВАЗ» начал выпуск Chevrolet Niva под маркой Lada" [AvtoVAZ startrd production of the Chevrolet Niva under the Lada marque]. Kommersant (in Russian). 10 July 2020. Retrieved 1 February 2021.
  5. ^ ""АвтоВАЗ" сменил название дочки GM-Avtovaz на "Лада Запад Тольятти"" [AvtoVAZ changed the name of its GM-AvtoVAZ subsidiary to Lada West Togliatti]. 1Prime (in Russian). 16 April 2020. Retrieved 1 February 2021.
  6. ^ "«LADA Запад Тольятти» будет производить новую «Ниву»" [Lada West Togliatti will produce a new Niva]. NIASam (in Russian). 23 December 2020. Retrieved 1 February 2021.
  7. ^ Chuprov, Alexander (9 December 2020). "The head of the plant "LADA West Togliatti" has been replaced". Autostat. Retrieved 1 February 2021.
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