|Founded||2 August 2001|
|Commonwealth of Independent States|
|Bo Andersson (President)|
Jeffrey Glover (CEO)
|32,909 vehicles (2017)|
|Revenue||$289 million (2017)|
|-$9.61 million (2017)|
|-$71.4 million (2017)|
|Total assets||$102 million (2017)|
|Total equity||$51.2 million (2017)|
Number of employees
GM-AvtoVAZ was a joint venture in Russia between General Motors and AvtoVAZ set up in 2001 and began producing the Chevrolet Niva, based on the Lada Niva, at its factory in Tolyatti from 2002. Though both companies have an equal share of ownership, the venture is managed exclusively by General Motors.
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.
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). In September 2012 GM and Avtovaz purchased EBRD's share, turning the joint venture into a 50/50 relationship.
On December 9, 2019, AvtoVAZ acquired a stake in General Motors. The rights to the Chevrolet Niva model, the Niva trademark and the production site itself were transferred to AvtoVAZ assets. The enterprise will be restructured. The Chevrolet Niva model will be transferred for assembly to the AvtoVAZ plant, the production site will be transferred to the Renault-Nissan alliance. GM-AvtoVAZ car dealerships will be closed and transferred under the Lada brand. According to statements by the Renault Nissan Alliance, assembly of Renault Duster, Renault Kaptur, Renault Arkana and Nissan Terrano cars will begin on the site. The alliance will also close the Avtoframos plant in Moscow and transferred to the site of the GM-AvtoVAZ plant in Tolyatti. The plant will be transferred to Renault Russia.
As of December 2014, the joint venture has produced 571,852 vehicles since production at Tolyatti commenced in 2002.
- "2017 Annual Report" (PDF). AvtoVAZ. p. 46. Retrieved 2 November 2018.
- "«Когда-то Lada по сравнению с Dacia считалась люксовым брендом»". Vedomosti. 13 June 2016. Retrieved 7 July 2017.
– В этом СП «АвтоВАЗа» и GM по 50%, но фактически управляет им GM? – Да.Мы являемся для них важным поставщиком и обсуждаем условия по новой платформе.
- "GM: Learning the Ropes In Russia". Bloomberg Business Week. 8 February 2007. Retrieved 18 December 2012.
- "GM-AvtoVaz To Expand Capacity By 20% By 2015". Wall Street Journal. 21 September 2012. Retrieved 18 December 2012.
- "About Company". GM Avtovaz. Retrieved 22 January 2015.
- "2014 Production and Sales Results". GM AutoVAZ. 31 December 2014. Retrieved 22 January 2015.