Lada West Togliatti
 | |
Native name | АО Лада (LADA) Запад Тольятти |
|---|---|
| Industry | Automotive |
| Predecessor | GM-AvtoVAZ |
| Founded |
|
| Headquarters | , Russia |
Key people | Yuri Skulsky (Director) |
| Products | Cars |
| Revenue |  13,140.93 million ₽[1] (2020) |
| 191.49 million ₽[1] (2020) | |
| -229.04 million ₽[1] (2020) | |
| Total assets |  3,982.61 million ₽[1] (2020) |
| Total equity | 1,619.88 million ₽[1] (2020) |
| Parent | AvtoVAZ |
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
[edit]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]
In July 2021, the Lada Travel production was transferred to the main AvtoVAZ's Tolyatti plant.[7] AvtoVAZ CEO Nicolas Maure clarified that the Lada West Togliatti production would be "suspended" but the plant was to be neither closed nor sold.[8]
Leadership
[edit]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.[9]
References
[edit]- ^ 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 26 January 2022 – via Audit-It.
- ^ "Завод GM-AvtoVAZ переименовали" [GM-AvtoVAZ was renamed]. Drom (in Russian). 16 April 2020. Retrieved 31 January 2021.
- ^ Stolyarov, Gleb; Marrow, Alexander (9 December 2019). "General Motors pulls out of Russian car assembly business with Avtovaz deal". Reuters. Retrieved 1 February 2021.
- ^ 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.
- ^ ""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.
- ^ ""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.
- ^ "Lada Niva Travel останется в строю как минимум до 2024 года" [Lada Niva Travel will remain on sale until at least 2024]. Motor (in Russian). 26 August 2021. Retrieved 26 January 2022.
- ^ Russov, Konstantin (27 July 2021). "Renault не закроет завод в Москве, АвтоВАЗ не продаст "Лада Запад Тольятти"" [Renault will not close the Moscow plant, AvtoVAZ will not sell Lada West Togliatti]. Rossiyskaya Gazeta (in Russian). Retrieved 26 January 2022.
- ^ 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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