AutoVAZ
 |
|
| Traded as | MCX: AVAZ |
|---|---|
| Industry | Automotive |
| Founded | 1966 |
| Headquarters | Tolyatti, Samara Oblast, Russia |
|
Key people
|
Nicolas Maure (President) Sergey Skvortsov (Chairman) |
| Products | Automobiles |
|
Production output
|
About 408,000 vehicles (2016) |
| Revenue |
 ₽184.93 billion (2016) |
|
₽-40.61 billion (2016) |
|
|
₽-44.68 billion (2016) |
|
| Total assets |
 ₽124.22 billion (2016) |
| Total equity |
₽-57.58 billion (2016) |
| Owner | Alliance Rostec Auto B.V. (64,6%) |
| Parent | Renault |
| Website | Official website |
AvtoVAZ (Russian: АвтоВАЗ) is the Russian automobile manufacturer formerly known as VAZ: Volzhsky Avtomobilny Zavod (ВАЗ, Во́лжский автомоби́льный заво́д, or Volga Automobile Plant), but better known to the world under the trade name Lada. The current company name is "AvtoVAZ".
AvtoVAZ's majority owner is Alliance Rostec Auto B.V. with 64,6%, which is a joint venture of the Renault-Nissan Alliance with 40,7% and Russian company Rostec with 21,2% of shares, which means that the Renault-Nissan-Alliance owns about 26.3% of AvtoVAZ' shares. Following the latest recapitalization of the company in 2016, Renault holds over 50% of the company, making it a subsidiary of the French group.
AvtoVAZ produces nearly one million cars a year, including the Kalina family (hatchback, wagon and crossover), Lada Granta family (sedan and liftback), Lada Priora family (sedan, hatchback, wagon and coupe), Lada 4x4 (former Lada "Niva") and Lada Largus (Automobile Dacia platform), as well as the cars of Renault-Nissan alliance brands: Renault Logan II, Renault Sandero II, Datsun on-Do and Datsun mi-Do (the Nissan sub-brand), and Nissan Almera New.
The VAZ factory is the largest car manufacturer in Russia and Eastern Europe and one of the largest in the world, with over 140 kilometres (90 mi) of production lines; it is unique in that most of the components for the cars are made in-house.
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Wikipedia