Lada

Avtovaz JSC is a Soviet and Russian automobile company, a consolidated subsidiary of the French Renault Group since 2016. It is the largest manufacturer of passenger cars in Russia and Eastern Europe[2][3]. The plant was founded in 1966 in the city of Togliatti, where the headquarters and main production are located. It is included in the list of backbone organizations in Russia.

It produces cars under its own brand Lada, as well as Nissan, Renault and Datsun cars. In addition, Avtovaz supplies other manufacturers with engineering kits for the production of Lada cars and their modifications. Previously, it produced VAZ cars with the names Zhiguli, Sputnik, Samara, and Oka. In addition to the above-mentioned car brands, cars under the “Riva” brand were exported to some countries of the world.

Since 2014 the effective share of the Renault-Nissan Alliance in the capital of AvtoVAZ exceeded 50%[4]. After the recapitalization of AvtoVAZ in 2016, Renault became the owner of more than 50% of the company, making it a subsidiary of the French corporation.[5] Since early 2017, Renault began consolidating AvtoVAZ figures in its reporting, and now the Russian market has become the second largest for Renault, after France[6]. In total, the French automaker had invested approximately 1.9 billion euros in Avtovaz by the end of 2018[7]. In January 2019, Alliance Rostec Auto B.V. brought its stake in AvtoVAZ to 100% and became the sole shareholder. After that, AvtoVAZ applied for delisting the shares from the Moscow Stock Exchange.[8]

The full name since June 2019 is joint-stock company AVTOVAZ, before that it was public joint-stock company AVTOVAZ.[9] Since January 2021, Avtovaz became part of Renault’s Dacia-Lada business unit.