News
25/02/2022
AVTOVAZ acquired GM's stake in the joint venture for 0.4 billion rubles
Russian Automotive Market Research
AVTOVAZ bought out General Motors' 50% stake in GM-AVTOVAZ joint venture for 0.4 billion rubles.
Recall that in December 2019 AVTOVAZ signed the agreement with General Motors to buy 50% of shares of GM-AVTOVAZ joint venture from the American company. As a result of the transaction, the company, later renamed LADA Zapad Togliatti, became a 100% affiliated company of AVTOVAZ Group. As part of the agreement, Niva SUV returned to LADA model line-up.
Other news from section:
06.04.2026
The Volga brand has introduced its second model, C50, which is scheduled to go on sale this summer, Autonews reports.
The novelty is a business sedan equipped with 2.0-liter power unit capacity of 150 or 200 HP coupled with 7-speed robotized gear box.
The model will include LED optics, adaptive cruise control, a keyless entry system, an all-round camera, an automatic braking and lane keeping function.
Moreover, a winter package will be...
03.04.2026
Geely Xingyuan electric hatchback will be delivered to Russia by the end of 2026 under the parallel import scheme, Autonews reports.
The novelty cost will be about 1.5 million rubles. At this price, the 5-seat model equipped with an electric installation capacity from 79 to 116 HP will be offered to Russian customers. Depending on the battery, the car can travel from 310 and 410 km on a single charge.
The model's optional equipment...
News archive