How Many Different Body Style Vehicles Does General Motors Have Joint Venture Of General Motors And Avtovaz

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Joint Venture Of General Motors And Avtovaz

German car manufacturers have taken an amazing turn to the world car industry. Cars are not what they used to be two years ago. With German technology and innovation at work, we have seen many ground breaking events that have kept German cars in a separate group. A recent example of such creativity is General Motors’ partnership with AVTOVAZ, a Russian automobile company.

It’s not the first time we’ve seen the Germans and Russians set up an alliance to shock the world. This time however, the collaboration, has been promoting great vibes; obviously because it is completely harmless and has no world domination goal. However, keeping history aside, they intend to take over the market of the car industry, which in many ways can be seen as a threat to international companies.

The venture between the two companies was named CJSC GM-AVTOVAZ, and it was implemented on the 27th of June 2001. Representatives of General Motors, AVOTVAZ and the European Bank for Reconstruction and Development (EBRD ), signed a general agreement on that. a moment. Later, the meeting in the framework of joint venture held on the 30th of July 2001 and the 2nd of August 2001, it was registered in the Russian Ministry of Justice.

The much-talked about business started with a total contribution from the partners of $238.2 million in which the shares of General Motors and AVTOVAZ are 41.61% each and the remaining 16.78% contributed by the EBRD. The shares of the EBRD were later bought by CJSC GM-AVTOVAZ after the approval of the agreement by the Board of Directors, which left the two companies with 50% ownership each.

Under this business, CJSC GM-AVTOVAZ is involved in the production of Chevrolet NIVA based on Lada Niva (Russian word for crop). The car is sold to customers in the Russian Federation and many countries from the Common Wealth of Independent States (CIS). The vehicle is offered to customers in various locations through a network of dealers.

The waste page was created by CJSC GM-AVTOVAZ on October 1st, 2014, as an option offered to customers as part of the business-in-service program designed for car owners to trade in their cars or scrap them while getting a discount on the New Chevrolet NIVA. This offer is very attractive to customers who want to know the concept of the new Chevrolet NIVA. The modification of the new car was done by GM, while it is being produced in Tolyatti, Russia since 2002. The interior and the body are new, but it carries the transmission and the machines of Lada Niva and the engine of the first VAZ 2121 (an off-road car. ).

Many ups and downs have come in 13 years, however the business is still in business and is well received in the world of cars. Recently in September, the directors of the company approved the construction of the plant, worth about $ 200 million, which is planned to be completed by 2015. This will contribute the capacity of NIVA production by 20%, which will become 120,000 vehicles per year and will require a doubling of the workforce to 2,900 workers.

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