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:
07.09.2026
The Russian Tenet brand has announced the launch of sales of the mid-size L6 crossover. According to Autonews, the model is presented in two versions in the Russian market — Elegant worth 2.89 million rubles and Ultra worth 3.04 million rubles.
Both versions of the model are equipped with 1.5-liter 147-HP turbocharged petrol engine coupled with 6-speed robotized dual-clutch gear box.
The interior is equipped with a vertical 13.2-inch...
07.09.2026
The CKD assembly of the first body for the new M70 crossover with welding and painting has begun at the Moskvich Moscow plant, the company's press service reports.
The first body is assembled as part of the company's preparation for the launch of a pre-production batch of cars. At this stage, specialists check all process operations directly on the production line, as well as compare the actual process with the documentation and, if...
News archive