DOCSLIB.ORG

AVTOVAZ Call with Financial Analysts

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
AVTOVAZ Call with Financial Analysts AVTOVAZ Call with Financial Analysts Nicolas MAURE / Dr. Stefan MAUERER CEO / CFO 16.01.2017 Disclaimer Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable assumptions taken on the date of this report, due to their nature, they can be risky and uncertain and can lead to a difference between the exact figures and those given or deduced from said information and statements. PJSC AVTOVAZ does not undertake to provide updates or revisions, should any new statements and information be available, should any new specific events occur or for any other reason. PJSC AVTOVAZ makes no representation, declaration or warranty as regards the accuracy, sufficiency, adequacy, effectiveness and genuineness of any statements and information contained in this report. Further information on PJSC AVTOVAZ can be found on AVTOVAZ’s web sites (www.lada.ru/en and http://info.avtovaz.ru). AVTOVAZ Call with Financial Analysts 16.01.2017 2 AVTOVAZ Overview Moscow International Automobile Salon 2016 AVTOVAZ 50-years History 1966/1970 VAZ 2101 2016 LADA XRAY AVTOVAZ Call with Financial Analysts 16.01.2017 4 AVTOVAZ Group: Key information 408 467 Cars & KDs produced 20.1% MOSCOW AVTOVAZ 331 Representative office sales points 30 IZHEVSK LADA-Izhevsk countries TOGLIATTI plant AVTOVAZ Head-office & 2015: 176.5 B-Rub (2.6 B-Euro) Togliatti plants 2016: estimated T/O > 2015 51 527 p. AVTOVAZ Call with Financial Analysts 16.01.2017 5 LADA product portfolio LADA Granta LADA Kalina LADA Priora LADA Vesta LADA XRAY LADA Largus LADA 4x4 Granta Sedan Kalina Hatchback Priora Sedan Vesta Sedan XRAY Largus 5- or 7-seats 4x4 3-doors Launched Launched Nov, 2015 Feb, 2016 Granta Liftback Kalina Wagon Largus Cross 4x4 Urban 3-doors 5- or 7-seats Granta Pick Up Kalina Cross Largus Fourgon 4x4 5-doors LADA Sport Granta Sport Kalina Sport 4x4 Urban 5-doors Kalina NFR 4x4 Pick Up AVTOVAZ Call with Financial Analysts 16.01.2017 6 Russian PC Market Achievements 2016 – LADA Market Share Top-10 brands, К units / MS % Top-10 models, К units 2016 MS vs. 2015, % LADA 20.1% 266.3 Hyundai SolarisHyundai Solaris 90.4 LADA +2.2% Renault Kia 11.3% 149.6 LADA Granta LADA Granta 87.7 Toyota Skoda Hyundai 10.9% 145.3 Kia Rio Kia Rio 87.7 Ford Lexus Renault 8.8% 116.8 LADA Vesta LADA Vesta 55.2 Kia VW Toyota 7.1% 94.3 VW Polo VW Polo 47.7 Lifan Hyundai BMW VW 5.7% 76.1 Renault DusterRenault Duster 44.0 UAZ Mercedes-Benz Nissan 5.3% 70.5 LADA Largus LADA Largus 36.3 Land Rover Audi Skoda 4.2% 55.4 Toyota RAV 4Toyota RAV 4 30.6 Mazda Mercedes- Datsun Benz 2.8% 36.9 Chevrolet NivaChevrolet Niva 29.8 Nissan Ford Chevrolet 2.8% 36.9 Renault LoganRenault Logan 29.6 Mitsubishi AVTOVAZ Call with Financial Analysts 16.01.2017 7 AVTOVAZ: Togliatti and Izhevsk plants overview Togliatti Izhevsk Capacity* 650 K vehicles per year Capacity* 113 K vehicles per year 3 Vehicle Lines** + 1 Vehicle Line + Powertrain & Components Lines Components Lines 312 K cars*** in 2016 96 K cars*** in 2016 * Harbour standard (3 760 h per annum) ** From 1/2017 *** Including KDs AVTOVAZ Call with Financial Analysts 16.01.2017 8 Mid-Term Plan (approved by BoD on Dec 6th, 2016) Russian Passenger Car Market Outlook Passenger cars per 1 000 people (2015) Age of Russian car fleet (> 40 Mio cars in 2015) 1 000 US (PC+LCV) 800 UK Germany 600 France 5-10 years Poland 28% >10 years US (PC) 400 46% Russia Czech Republic South Korea 200 Turkey Mexico <5 years Ukraine 0 26% India Russian PC Market Outlook and LADA Market Share 3 000 2 760 2 774 0.9 2 626 optimistic scenario 2 497 0.8 2 500 2 358 0.7 2 000 1 789 0.6 1 507 0.5 1 500 1 376 1 327 0.4 29.3% 25.8% 1 000 23.2% 23.3% 0.3 19.5% 20.1% 17.4% 16.4% 17.9% 0.2 500 0.1 640 355 524 581 541 456 387 269 266 >400 >500 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 10 AVTOVAZ Mid-Term Plan storyline BACK ON TRACK in two phases 1 2 2016-2019 2020-2026 Rebound through: Profitable growth through: • Robust 20% PC MS in Russia • Complete product/market portfolio regeneration • Strong cost optimization • Full utilization of capacities • Deep supplier localization (3 vehicle lines in Togliatti & • Quality and customer satisfaction 1 in Izhevsk) • Fully integrated Alliance • Export sales ramp-up standards and systems Positive COP from 2018 COP > 5% from 2021 FCF breakeven in 2019 FCF positive from 2020 AVTOVAZ Call with Financial Analysts 16.01.2017 11 Transformation of LADA brand good opinion from customers 66 63 62 61 59 Competitor 1 55 50 50 48 45 44 43 Competitor 2 38 36 36 35 35 Competitor 3 33 33 Competitor 4 30 30 27 28 27 27 Competitor 5 23 17 16 15 12 12 11 5 4 5 3 Competitor 6 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 12 LADA vehicles export sales growth projection (incl. SKD & CKD) K-units p.a CIS Other countries 180 150 120 export countries in 2017 90 60 30 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 13 LADA Product Plan directions 2 New models 5 New models 5 New models 4 Facelifts 2 Facelifts 5 Facelifts 2017 - 2019 2020 - 2022 2023 - 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 14 AVTOVAZ cost optimization key levers • New working scheme with suppliers Monozukuri • Production optimization (including Components) • Productivity improvement • Creation of Industrial park AVTOVAZ Call with Financial Analysts 16.01.2017 15 2016 – 2019 AVTOVAZ Mid-Term Plan: strong performance boost to secure recovery THROUGH HEADWINDS BACK ON TRACK 2012 - 2015 2016 – 2019 Drop to the level of 2011 > 50% growth from 2016 to 2019 REVENUE impacted by Russian market drop supported by Russian market recovery MARKET SHARE RF Drop down to 16.4% > 20% robust market share EXPORT Fall by 3 times Substantial growth to >50ku (2019) Growth of costs under FX changes, Localization and Monozukuri; COSTS inflation and drop of volumes Manuf. performance at Alliance level SG&A High administrative expenses Optimization of SG&A LADA BRAND OPINION/ 11-17 % of respondents positively Growth in number of respondents assessing the brand; positively assessing the brand; QUALITY Improvement in Quality Quality at global level OPERATING PROFIT Negative Positive from 2018 FREE CASH FLOW Negative Move to breakeven in 2019 AVTOVAZ Call with Financial Analysts 16.01.2017 16 Production volume forecast (cars + KDs), k-units LADA Alliance and partners 3 shifts capacity (4 800 h per annum) 1 000 800 2 shifts capacity (“Harbour” standard, 3 760 h per annum) 600 400 200 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 17 AVTOVAZ Mid-Term Plan roadmap Revenue, B-RUB COP before non-recurring items, B-RUB 100 700 80 60 600 40 5% 20 - 500 (20) x2 (40) 400 2023 2014 2015 2016 2017 2018 2019 2026 Free cash-flow, B-RUB 300 +50% 50 40 200 30 20 10 - 100 (10) (20) (30) (40) - (50) 2014 2015 2016 2017 2018 2019 2023 2026 2017 2014 2015 2016 2018 2019 2023 2026 AVTOVAZ Call with Financial Analysts 16.01.2017 18 Conclusions • Full leverage of Russian market recovery with minimum 20% passenger cars market share through: • full renewal of LADA vehicle line-up • transformation of LADA brand image • Export push in CIS and other selected regions of the World • Strong cost optimization through: • deep localization and Monozukuri with suppliers • manufacturing performance at Alliance level • headcount optimization (Industrial Park in Togliatti) • Full utilization of Togliatti and Izhevsk plants’ capacities for LADA, Renault and Nissan/Datsun vehicles • Full integration of Alliance standards and systems • Strong support from Renault Nissan Alliance and Rostec COP positive from 2018 and > 5% from 2021 FCF breakeven in 2019 and positive from 2020 AVTOVAZ Call with Financial Analysts 16.01.2017 19 Q & A .
Load more

Recommended publications
  • The History of Success of Central Asian Company in Automobile Industry
    Review Article, ISSN 2304-2613 (Print); ISSN 2305-8730 (Online) The History of Success of Central Asian Company in Automobile Industry Kanat Zhumanov1, Anel Zhumanova2, Benjamin Chan Yin-Fah3 1,2,3Faculty of Business Management, Asia Pacific University of Technology & Innovation (APU), Kuala Lumpur, MALAYSIA 3Center of Entrepreneurship and Leadership, (APU), Technology Park Malaysia, MALAYSIA *E-mail for correspondence: [email protected] https://doi.org/10.18034/abr.v8i2.155 ABSTRACT The paper analyzes the key success factors of automobile industry in Central Asia, Kazakhstan. In particularly, strategies used, experienced challenges faced by “Bipek Auto – Asia Auto” will be presented in this paper. Key words: Success factors, Kazakhstan, Auto Company INTRODUCTION Kazakhstan in the form of tax and other payments; more than $ 24 million was directed by the company for Today Asia is a platform for a successful business. The charitable and social purposes. The staff of Bipek Auto - rapid development of innovation in Asia is facilitated by Asia Auto has over 4,500 employees in 19 cities of a large number of people, a fast temp of life, and the Kazakhstan and 13 regions of Russia. progress of the economy GDP per capita is higher than in other regions. And one-third of global companies are From 1992 to 2017 (Figure 2), Kazakhstan’s people located in Asia - Taiwan, Japan, China, and Korea. If we purchased more than 475,000 new cars at the company's look are the record provided by Ernst & Young's, Asia branches (Cursive Kazakhstan, 2018). Within 25 years accounted for 14% of world consumer spending in 2011 Bipek Auto - Asia Auto is a leader both in an automobile but been projected to 25% in 2020 and 40% in year 2030.
    [Show full text]
  • Voronezh Tyre Plant Company Profile Company Name (Short): Vshz CJSC CEO: Valeriy Y
    Dear readers, The industrial policy pursued by the regional government is in close alignment with the Devel- opment Strategy of Voronezh region up to 2020. It has been approved after thorough consideration and negotiations with non-governmental organi- zations and professional experts. Thus, the region is in for radical system changes in the regional economy. The regional government is successfully develop- ing innovative system. The main directions of clus- ter development policy have been outlined, which increases the region’s competitive advantages and enhances connections between branches and in- dustries. The regional government has managed to create congenial investment climate in the region. The government is coming up with new ways of supporting Rus- sian and foreign investors, developing the system of subsidies and preferences. Innovative industrial parks and zones are set up. Their infrastructure is financed from the state and regional budgets. Voronezh region is one of top 10 in the investment attractiveness rating and is carrying out over 30 investment projects. All the projects are connected with technical re-equipment of companies and creation of high-technology manufac- turers. The number of Russian and foreign investors is constantly increasing. In the Catalogue of Industrial Companies of Voronezh Region, you will find in- formation on the development of industries in Voronezh region, structural and quality changes in the industrial system. Having read this catalogue, you will learn about the industrial potential of Vo- ronezh region, the companies’ production facilities, history and product range. The regional strategy is based on coordinated efforts, a constructive dialogue between private businesses, the government and non-governmental organiza- tions.
    [Show full text]
  • Document Type Communiqué De Presse Groupe
    PRESS RELEASE #RenaultResults REVENUES OF €11.3 BILLION IN THE THIRD QUARTER OF 2019 • Group revenues reached €11,296 million (-1.6%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -1.4%. • The Group sold 852,198 vehicles in the quarter, down -4.4% in a global market down -3.2%2. Excluding Iran, the decrease would have been -1.8% in a market down -2.3%. • The Group is pursuing its pricing policy in the third quarter. Boulogne-Billancourt, 10/25/2019 COMMERCIAL RESULTS: THIRD QUARTER HIGHLIGHTS In the third quarter, Groupe Renault sold 852,198 vehicles, down -4.4% in a market that fell by -3.2%. Excluding Iran, the decrease would have been -1.8% in a market down -2.3%. In Europe, the Group recorded a -3.4% decline in sales in a market up +2.4%. This decrease is partly due to a high comparison basis related to the introduction of the WLTP3 for passenger cars in September 2018 and the awaiting of the full availability of New Clio in Europe. In regions outside Europe, the Group over-performed the market. In a market down -6.2%, the Group recorded a -5.4% decrease in sales, mainly due to the decline in markets in Turkey (-21.7%), Argentina (-30.0%), and the end of sales in Iran since August 2018 (23,649 vehicles sold in the third quarter 2018). Excluding Iran, sales would have been down -0.3%. 1 In order to analyze the change in consolidated revenues at constant perimeter and exchange rates, Groupe Renault recalculates revenues for the current year by applying the average annual exchange rates of the previous year, and excluding significant changes in perimeter that occurred during the year.
    [Show full text]
  • Third Supplement Dated
    SECOND SUPPLEMENT DATED 09 NOVEMBER 2017 TO THE 07 JUNE 2017 BASE PROSPECTUS RENAULT (incorporated as a société anonyme in France) €7,000,000,000 Euro Medium Term Note Programme This prospectus supplement (the “Second Supplement”) is supplemental and must be read in conjunction with the Base Prospectus dated 07 June 2017 (the “Base Prospectus”) granted visa No. 17-260 on 07 June 2017 by the Autorité des marchés financiers (the “AMF”) and the first supplement to the Base Prospectus dated 31 July 2017 granted visa No. 17-404 on 31 July 2017, each prepared by Renault (“Renault” or the “Issuer”) with respect to its €7,000,000,000 Euro Medium Term Note Programme (the “Programme”). Terms defined in the Base Prospectus have the same meaning when used in this Second Supplement. Application has been made for approval of this Second Supplement to the AMF in its capacity as competent authority pursuant to Article 212-2 of its Règlement Général which implements Directive 2003/71/EC (as amended) on the prospectus to be published when securities are offered to the public or admitted to trading in France (the “Prospectus Directive”). This Second Supplement has been prepared pursuant to Article 16.1 of the Prospectus Directive and Article 212-25 of the Règlement Général of the AMF for the purposes of: (i) amending certain sections of the Summary of the Programme; (ii) amending certain sections of the Résumé en français du Programme (summary of the Programme in French); (iii) integrating the press releases dated 24 October 2017 on Renault's third quarter results (the "Quarterly Information, October 24, 2017”) and 08 November 2017 on Nissan's contribution for third quarter 2017 to Renault’s earnings (the “Nissan’s Contribution for third quarter 2017 to Renault’s Earnings, 08 November 2017”); (iv) integrating other press releases dated 07 August 2017, 29 August 2017, 15 September 2017, 19 September 2017, 06 October 2017 and 03rd November 2017.
    [Show full text]
  • Jsc Avtovaz Avtovaz Group* Operating Highlights for 2003
    ANNUAL REPORT | 2003 | JSC AVTOVAZ AVTOVAZ GROUP* OPERATING HIGHLIGHTS FOR 2003 Vehicle unit sales, JSC AVTOVAZ 2003 2002 Change 000’s units 000’s units % Domestic market 626 577 8.49 Export market 92 98 (6.12) Total 718 675 6.3 Automotive assembly kits sales 98 101 (2.97) RR mln RR mln % Net sales 130,772 119,432 9.49 Operating income 5,941 5,591 6.26 Consolidated Statement 2003 2002 Change of Income** RR mln RR mln % For the year ended 31 December Net sales 130,772 119,432 9.49 Cost of sales (110,003) (99,331) 10.74 Gross profit 20,769 20,101 3.32 Interest expense (3,416) (3,077) (11.02) Other expense, net (14,402) (15,896) (9.4) Net income for the year 2,951 1,128 161.61 Consolidated Balance Sheet** 2003 2002 Change At 31 December RR mln RR mln % Cash and cash equivalents 6,767 2,751 145.98 Other current assets 37,069 33,393 11.01 Non-current assets 108,228 102,836 5.24 Total liabilities 72,562 62,166 16.72 Minority interest 1,290 1,587 (18.71) Total shareholders’ equity 78,212 75,227 3.97 Share price and dividend 2003 2002 Change development, JSC AVTOVAZ*** Share price RR RR % For the year ended 31 December Ordinary share Closing 774.7 679.72 +13.97 Annual high 906.42 1201.31 -24.55 Annual low 582.06 558.64 +4.19 Preference share Closing 471.88 371.17 +27.13 Annual high 525.68 667.54 -21.25 Annual low 339.77 319.10 +6.48 Dividends Per ordinary share 6.00 5.00 +20.0 Per preference share 95.00 17.00 +458.82 * The AVTOVAZ Group mentioned hereinafter is the parent company (JSC AVTOVAZ or the “Company”) and all of its subsidiaries and associated companies.
    [Show full text]
  • Global Monthly Is Property of John Doe Total Toyota Brand
    A publication from April 2012 Volume 01 | Issue 02 global europe.autonews.com/globalmonthly monthly Your source for everything automotive. China beckons an industry answers— How foreign brands are shifting strategies to cash in on the world’s biggest auto market © 2012 Crain Communications Inc. All rights reserved. March 2012 A publication from Defeatglobal spurs monthly dAtA Toyota’s global Volume 01 | Issue 01 design boss Will Zoe spark WESTERN EUROPE SALES BY MODEL, 9 MONTHSRenault-Nissan’sbrought to you courtesy of EV push? www.jato.com February 9 months 9 months Unit Percent 9 months 9 months Unit Percent 2011 2010 change change 2011 2010 change change European sales Scenic/Grand Scenic ......... 116,475 137,093 –20,618 –15% A1 ................................. 73,394 6,307 +67,087 – Espace/Grand Espace ...... 12,656 12,340 +316 3% A3/S3/RS3 ..................... 107,684 135,284 –27,600 –20% data from JATO Koleos ........................... 11,474 9,386 +2,088 22% A4/S4/RS4 ..................... 120,301 133,366 –13,065 –10% Kangoo ......................... 24,693 27,159 –2,466 –9% A6/S6/RS6/Allroad ......... 56,012 51,950 +4,062 8% Trafic ............................. 8,142 7,057 +1,085 15% A7 ................................. 14,475 220 +14,255 – Other ............................ 592 1,075 –483 –45% A8/S8 ............................ 6,985 5,549 +1,436 26% Total Renault brand ........ 747,129 832,216 –85,087 –10% TT .................................. 14,401 13,435 +966 7% RENAULT ........................ 898,644 994,894 –96,250 –10% A5/S5/RS5 ..................... 54,387 59,925 –5,538 –9% RENAULT-NISSAN ............ 1,239,749 1,288,257 –48,508 –4% R8 ................................
    [Show full text]
  • Ceauto 18/2015 Newsletter 06
    CeAUTO 18/2015 Newsletter 06. 05. 2015 INDEX • International 1 • Turkey 10 • Bulgaria 2 • Ukraine 11 • Czech Republic 3 • News from Middle East and Africa 11 • Hungary 4 • Bahrain 11 • Poland 5 • Iran 11 • Romania 5 • Morocco 12 • Russia 6 • Interview 13 • Serbia 10 • This week on ceauto.co.hu 14 • Slovakia 10 • Imprint 14 • Slovenia 10 NEWS International Volkswagen creates integrated commercial vehicles group Volkswagen AG is creating an integrated commercial vehicles group and thus putting in place a structured framework for business with mid-sized and heavy trucks and buses. Truck & Bus GmbH is to become the new Volkswagen Group holding for the MAN and Scania commercial vehicle brands. To this end, the shares in Scania AB held by Volkswagen AG will be transferred to Truck & Bus GmbH. The wholly-owned Volkswagen subsidiary already holds 75.28 percent of the voting rights in MAN SE. The company will be led by Andreas Renschler, member of the Board of Management of Volkswagen AG. Truck & Bus GmbH will steer and coordinate cooperation among the three commercial vehicle companies MAN Truck & Bus AG, MAN Latin America Ltda. and Scania AB. Volkswagen Nutzfahrzeuge (Volkswagen Commercial Vehicles), Volkswagen Group’s manufacturer of light commercial vehicles, will also form part of the integrated commercial vehicles group and will report to Renschler. However, the brand will continue to maintain close ties with the Volkswagen Pkw (Volkswagen Passenger Cars) brand where the synergies mainly lie. 1 CeAUTO Newsletter 18/2015 | 06. 05. 2015 Delphi may spend up to $3 billion on an acquisition in 2015 Delphi Automotive plc could spend $1 billion to $3 billion this year on a large acquisition related to its traditional “hardware” business, the company’s CEO Kevin Clark said in an interview with Reuters.
    [Show full text]
  • Russian Automotive Market 2018 Results and Outlook
    Russian automotive market www.pwc.ru/automotive 2018 results and outlook Passenger cars | Light commercial vehicles | Trucks | Buses February 2019 Contents 1 Overview of the Russian passenger car market 3 2 Overview of the Russian commercial vehicle market 11 3 Conclusions 15 4 About PwC 17 PwC 2 1 Overview of the Russian passenger car market PwC 3 Sanctions-related risks materialising in the first half of 2018 triggered year-end declines in several key macroeconomic indicators GDP growth rate and consumer price index (CPI), Average nominal RUB/USD exchange rate, Q1 2016 to Q4 2018 Q1 2016 to Q4 2018 8.4 74.9 7.4 6.8 GDP against similar quarter last year, % 5.8 65.9 CPI against similar quarter last year, % 66.5 4.6 64.6 65.6 4.2 3.9 63.0 3.4 61.9 3.0 57.1 2.5 2.2 2.6 2.2 2.4 2.2 58.6 59.0 58.4 56.8 0.4 0.9 -0.4 -0.2 0.6 1.9 1.5 -0.5 1.3 1Q ’16 2Q ’16 3Q ’16 4Q ’16 1Q ’17 2Q ’17 3Q ’17 4Q ’17 1Q ’18 2Q ’18 3Q ’18 4Q ’18 1Q ’16 2Q ’16 3Q ’16 4Q ’16 1Q ’17 2Q ’17 3Q ’17 4Q ’17 1Q ’18 2Q ’18 3Q ’18 4Q ’18 Sources: Ministry of Economic Development of the Russian Federation, Rosstat. Source: Central Bank of the Russian Federation Consumer confidence index, Q-end Brent oil price behaviour, USD Q1 2016 - Q4 2018 Q1 2016 - Q4 2018 82.7 79.4 70.3 -8.0% -8.0% 66.9 -11.0% -11.0% 56.8 57.5 -15.0% -14.0% -14.0% 52.8 53.8 -18.0% -17.0% -19.0% 49.7 49.1 47.9 39.6 -26.0% -30.0% 1Q ’16 2Q ’16 3Q ’16 4Q ’16 1Q ’17 2Q ’17 3Q ’17 4Q ’17 1Q ’18 2Q ’18 3Q ’18 4Q ’18 1Q ’16 2Q ’16 3Q ’16 4Q ’16 1Q ’17 2Q ’17 3Q ’17 4Q ’17 1Q ’18 2Q ’18 3Q ’18 4Q ’18 Source: Rosstat Source: Bloomberg PwC 4 In 2018, the passenger car market continued to recover, demonstrating 13% growth despite the slowdown in the Russian economy In 2018, sales of new Sales among Russian makers Sales of foreign brands Imports accounted for around passenger cars in Russia increased by 14%, driven by surging assembled in Russia grew by 16% of total sales in 2018.
    [Show full text]
  • LADA Granta Sport. Дорожная Версия
    AVTOVAZ Press-Info December, 17 Togliatti _______ Jean-Philippe Salar will lead LADA Design team Effective January 1, 2021, Jean-Philippe Salar will take a position of Vice-President, LADA Design Director. Steve Mattin, who acted in this position for the past 9 years, took a decision to step off the operational activities for personal reasons. Jean-Philippe Salar, born in 1973, is coming to AVTOVAZ from position of the Design Director for Groupe Renault in Eastern Europe (based in Bucharest), where he worked for the past 5 years and was in charge of the design development of all the Dacia line-up (Duster, new Sandero, new Logan, including Arkana for Russia). In 2013-2015 Mr Salar headed the design team at Renault Samsung Motors in Korea, in 2008-2013 worked in position of studio chief designer in charge of the Renault Design Center Mumbai in India. Mr Caracatzanis stated: “Steve has successfully led the team at LADA Design. He has been fully engaged in the LADA design renewal for 9 years and is a key contributor to the strong renewal of the LADA model line-up. I thank him for these major achievements and I am happy that Steve has accepted my proposal to continue his relationship with AVTOVAZ as my advisor. I wish Mr Salar all the best in the new position and count on his strong contribution in implementation of the LADA ambitious product plan.” _______ Additional information: AVTOVAZ Group is part of Groupe Renault and manufactures cars in full production cycle and auto components for 3 brands: LADA, Renault, Datsun.
    [Show full text]
  • XXI CENTURY.Pdf
    ТОЛЬЯТТИ- НОВЫЙ ГОРОД РОССИИ Cтраницы истории Сергей Андреев Тольятти сегодня Мэр города Тольятти Sergei Andreev The mayor, city of Togliatti Togliatti a new city of Russia Дорогие друзья! история города не замерла, она развивается, го- History род растет, появляются новые необычные места Today’s Togliatti Рад тому, что мы с вами находимся на удивитель- и рождаются новые жители, которым предстоит ной земле, которую многие считают одним из са- уже самостоятельно создавать будущее Тольят- мых необычных мест Поволжья. ти. И каждый, кто приезжает в наш город, вносит История Тольятти наполнена событиями, людьми частичку своих знаний, впечатлений, чувств и и достопримечательностями, повлиявшими не эмоций в завтрашний день. Надеюсь, что эти чув- только на развитие города, но и на всю Россию. ства окрашены только в позитивные цвета. У нас множество интереснейших мест, в Тольятти Мы все смотрим в будущее, но помним о на- родились и работали выдающиеся ученые, дей- шей истории, которая вершилась на улицах, по ствуют уникальные предприятия. Наша природа которым мы ходим сегодня. Мы открыты ново- относится к красивейшим уголкам страны. Сло- му, рады каждому, кто готов вершить, творить вом, здесь есть чем заняться и на что посмотреть. и работать вместе с нами. Добро пожаловать Именно поэтому мы всегда рады гостям. Ведь в Тольятти! Dear friends! and many sights to see. This is why we are always glad to meet guests. The city’s history is evolving, the I am happy to live on this wonderful land which is city is growing, new and unusual places appear, and believed by many to be one of the most unusual new residents are being born, who will create their places of the Volga region.
    [Show full text]
  • IHS Automotive Supplying the Oems Supplierbusiness Supplying the Renault-Nissan Alliance
    IHS Automotive Supplying the OEMs SupplierBusiness Supplying the Renault-Nissan Alliance 2014 edition supplierbusiness.com SAMPLE IHS Automotive SupplierBusiness | Supplying the Renault-Nissan Alliance Contents Overview .......................................................................................................................................................................... 6 Global market overview .............................................................................................................................................. 6 Financial data ............................................................................................................................................................... 6 Renault-Nissan alliance financial overview .............................................................................................................. 7 Product and platform strategy ...................................................................................................................................... 9 Company background and strategy review ............................................................................................................. 9 Major model programmes ....................................................................................................................................... 10 1. Renault Clio ............................................................................................................................................................ 10 2. Nissan
    [Show full text]
  • LADA Granta Sport. Дорожная Версия
    AVTOVAZ Press-release February 21, 2020 Togliatti _______ The management and governors of the Volga Federal district visited AVTOVAZ An official delegation within the Council under Russia’s Presidential Plenipotentiary Envoy to the Volga Federal district Igor Komarov made a working visit to AVTOVAZ. Guests, among which were governors of almost all regions of the VFD, visited the production site and had the opportunity to test modern LADA lineup. Both long-term prospects of AVTOVAZ development and short-term plans, in general, the celebration of the 50th anniversary of the first LADA car production have been discussed during the visit. Lineup of special LADA cars was separately showcased to the heads of VFD regions. Welcoming guests, President of JSC AVTOVAZ Yves Caracatzanis said: “About a fourth of our sales in 2019 accounted for corporate sales. Our range of commercial and special models perfectly complies with requirements of federal and regional programs aimed at increasing the availability of medical care, social protection of disabled people, as well as providing the police and other special services with affordable, but safe, comfortable and reliable vehicles”. The main volume of special vehicles was represented by different modification of the LADA Largus (which is currently the LADA bestseller on the Russian market in the LCV segment). LADA Largus CNG running on methane and enabling decrease fuel cost threefold is already known to the market. Other represented models are less common, but they are already used in many corners of Russia and the near abroad. The car for medical services based on the series body is equipped with a place for a bed-bound patient and two seats for medical staff.
    [Show full text]