GAZ plant site main entrance
|
|
Native name
|
Го́рьковский автомоби́льный заво́д |
---|---|
Subsidiary | |
Industry | Automotive |
Founded | 1932Nizhny Novgorod (named Gorky 1932 - 1990) |
Headquarters | Nizhny Novgorod, NIZ, Russia |
Key people
|
Vadim Sorokin (President & CEO of GAZ Group), Siegfried Wolf (Chairman of the Board, OJSC GAZ, Russian Machines), Manfred Eibeck (Chief Executive Officer, Russian Machines) |
Products | Automobiles, automotive parts |
Revenue | $2.476 billion (GAZ Group 2016) |
$17.708 million (GAZ Group 2016) | |
Owner | Oleg Deripaska |
Parent | GAZ Group |
Website | Gaz website |
GAZ or Gorkovsky Avtomobilny Zavod (Russia, Nizhny Novgorod), translated as Gorky Automobile Plant (Russian: ГАЗ or Го́рьковский автомоби́льный заво́д), is a Russian automotive manufacturer. It started in 1932 as NAZ, a cooperative enterprise between Ford and the Soviet Union, as a result of a Five year plan.
GAZ is the core company of GAZ Group holding, a part of Basic Element business group. The headquarters of GAZ Group is located in Nizhny Novgorod. Russian Machines Corporation is the controlling shareholder in OAO GAZ.
GAZ Group is the leading manufacturer of commercial vehicles in Russia. GAZ Group produces light commercial and medium-duty vehicles (GAZ), heavy-duty trucks (UralAZ), buses PAZ, KAvZ, LiAZ, cars, powertrain (YaMZ and UMZ) and automotive components. The market shares of the company: about 50% in the light commercial vehicles segment, 58% in the segment of medium-duty trucks, 42% in the all-wheel drive heavy-duty trucks segment and about 65% in the bus segment.
In May 1929 the Soviet Union signed an agreement with the Ford Motor Company. Under its terms, the Soviets agreed to purchase $13 million worth of automobiles and parts, while Ford agreed to give technical assistance until 1938 to construct an integrated automobile-manufacturing plant at Nizhny Novgorod. Production started on January 1, 1932, and the factory and marque was titled Nizhegorodsky Avtomobilny Zavod, or NAZ, but also displayed the "Ford" sign. GAZ's first vehicle was the medium-priced Ford Model A, sold as the NAZ-A, and a light truck, the Ford Model AA (NAZ-AA). NAZ-A production commenced in 1932 and lasted until 1936, during which time over 100,000 examples were built.