|Area served||Commonwealth of Independent States|
|Key people||Bo Andersson (President)
Jeffrey Glover (CEO)
General Motors (41.61%)
The joint venture was created with investment from GM ($99.1m, 41.61%), AvtoVAZ ($99.1m, 41.61%) and the European Bank for Reconstruction and Development ($40m, 16,78%, plus a loan facility for $100 million).
The joint venture reached difficulties and production stoppages for a fortnight in February 2006 when AvtoVAZ was taken over by Rosoboronexport, the Russian state-owned arms-export agency, and a disagreement between the new owners and GM lead to stoppages of the supply of engines and other components.
The joint venture announced plans in September 2012 to expand by 2015, with an additional 1400 staff and increasing its annual production capacity from 100,000 to 120,000 vehicles.
- Official website (English)
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