JSC Lada West Togliatti | |
Native Name: | АО Лада (LADA) Запад Тольятти |
Industry: | Automotive |
Predecessor: | GM-AvtoVAZ |
Successors: | --> |
Founders: | --> |
Hq Location City: | Tolyatti |
Hq Location Country: | Russia |
Areas Served: | --> |
Key People: | Yuri Skulsky (Director) |
Products: | Cars |
Revenue Year: | 2020 |
Income Year: | 2020 |
Net Income Year: | 2020 |
Assets Year: | 2020 |
Equity Year: | 2020 |
Owners: | --> |
Parent: | AvtoVAZ |
Slogans: | --> |
Lada West Togliatti (Russian: Лада Запад Тольятти|p=ˈladə ˈzapət tɐlʲˈjætʲ(ː)ɪ) is a Russian car manufacturer owned by AvtoVAZ. The company came from GM-AvtoVAZ, a joint venture between AvtoVAZ and General Motors.
Lada West Togliatti predecessor was GM-AvtoVAZ, a joint venture created in early 2001 for producing the VAZ-2123 (Niva II) off-road vehicle under the name Chevrolet Niva. Initially, the venture had three co-owners: AvtoVAZ and General Motors (GM) each owned 41.6% of the shares, and the remaining 16.8% belonged to the European Bank for Reconstruction and Development (EBRD). In 2012, the EBRD withdrew from the venture, selling its shares equally to partners.[1]
In December 2019, GM sold its stake to AvtoVAZ, making GM-AvtoVAZ a wholly owned subsidiary of the latter. The former venture kept the right to continue using the Chevrolet marque for a certain amount of time.[2] [3] On 15 April 2020, AvtoVAZ officially dropped the GM-AvtoVAZ name and re-incorporated the former venture as "JSC Lada West Togliatti".[4]
In July 2020, Lada West Togliatti stopped assembling Chevrolet-badged Nivas, adopting instead the Lada marque.[3] In December 2020, Lada West Togliatti introduced the Niva Travel, a revised Niva.[5]
In July 2021, the Lada Travel production was transferred to the main AvtoVAZ's Tolyatti plant.[6] AvtoVAZ CEO Nicolas Maure clarified that the Lada West Togliatti production would be "suspended" but the plant was to be neither closed nor sold.[7]
The first general director of Lada West Togliatti was Romuald Rytvinski who also hold the same position while it was a joint venture with GM. In December 2020, he was replaced by Yuri Skulsky, the then human resources chief of the company.[8]