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Avtovaz

JSC AvtoVAZ Common
Public
Traded as MCXAVAZ
Industry Automotive
Founded 1966
Headquarters Tolyatti, Samara Oblast, Russia
Key people
Nicolas Maure (President)
Sergey Skvortsov (Chairman)
Products Automobiles
Revenue IncreaseRUB190.7 billion (2014)
Fall RUB-14.6 billion (2014)
Fall RUB-24.8 billion (2014)
Total assets Increase RUB164.8 billion (2014)
Total equity Fall RUB34.9 billion (2014)
Owner Alliance Rostec Auto B.V. (64,6%)
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.

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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