GM-AvtoVAZ

GM-AvtoVAZ was a Russian joint venture between General Motors and AvtoVAZ, set up in 2001, which from 2002 produced the Chevrolet Niva, a vehicle based on the Lada Niva, at its plant in Tolyatti. The venture was created with investment from General Motors and AvtoVAZ of 99.1 million dollars each (41.61 percent apiece) and from the European Bank for Reconstruction and Development, whose 16.78 percent share the two partners bought in September 2012, leaving an equal 50/50 split. Although ownership was equal, General Motors managed the venture exclusively. It briefly built the Chevrolet Viva in 2004, which sold only about 5,000 units, and suffered a fortnight of production stoppages in February 2006 after AvtoVAZ was taken over by Rosoboronexport and a dispute over engine and component supply followed. By December 2014 it had produced 571,852 vehicles. In December 2019 AvtoVAZ acquired General Motors' stake, ending the venture, and the Chevrolet badge stayed on the Niva only until August 2020.