AvtoVAZ OAO · Togliatti, Samara Russia · (Russian: AVAZ)
Company Description
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This link will open in a new window AvtoVAZ is a Russian maker of passenger cars. The company features models such as the LADA-ELFI (a miniature city car), the VAZ-1111E (a four-seat electric car), the VAZ-2115 (sedan), and the Niva 2131 (an all-wheel drive SUV). As the largest passenger carmaker in Russia and Eastern Europe, AvtoVAZ controls around 70% of domestic car production. AvtoVAZ produces about 800,000 Lada cars a year. The company has a $330 million joint venture with General Motors -- GM-AvtoVAZ -- to manufacture the Chevy-Niva SUV and Chevy Viva cars (more than 55,000 were produced in 2007). AvtoVAZ and GM each hold a 41.5% share in the venture, while the European Bank for Reconstruction and Development owns the remaining 17%. To read the full description, subscribe now.
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Key AvtoVAZ OAO Financials
| Company Type | Public - Russian: AVAZ Headquarters |
| Fiscal Year-End | December |
| 2007 Employees | 110,000 |
AvtoVAZ OAO Executives
23 executives listed for AvtoVAZ OAO's Togliatti, Samara location.
| Title | Name & Bio | Contact |
| Chairman | Sergey Chemezov | |
| Vice Chairman | Vladimir Artyakov | |
| President | Igor Komarov |
Competition
Competitive Landscape for AvtoVAZ OAO
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top AvtoVAZ OAO Competitors
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