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GAZ Group
GAZ Group () is a Russian automotive conglomerate headquartered in Nizhny Novgorod. It comprises 18 manufacturing facilities in eight regions of Russia, as well as sales and service organizations. GAZ Group is the leading manufacturer of commercial vehicles in Russia. GAZ Group produces light commercial and medium-duty vehicles (GAZ), buses PAZ, KAvZ, LiAZ, cars, powertrain ( YaMZ and UMZ) and automotive components. The market shares of the company: about 50% in the light commercial vehicles segment, 58% in the segment of medium-duty trucks, 42% in the all-wheel drive heavy-duty trucks segment and about 65% in the bus segment. The main entity "GAZ Group" - OJSC "GAZ", refers to the Office "Management Company" GAZ Group. The "GAZ Group" is a holding company, consolidated around OAO GAZ, bringing together a number of industrial machinery sectors, which are mainly subsidiaries of OJSC GAZ. Management Company GAZ Group was created on September 28, 2006 and is 100% owned by OJSC ...
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Nizhny Novgorod
Nizhny Novgorod ( ; rus, links=no, Нижний Новгород, a=Ru-Nizhny Novgorod.ogg, p=ˈnʲiʐnʲɪj ˈnovɡərət, t=Lower Newtown; colloquially shortened to Nizhny) is a city and the administrative centre of Nizhny Novgorod Oblast and the Volga Federal District in Russia. The city is located at the confluence of the Oka (river), Oka and the Volga rivers in Central Russia, with a population of over 1.2 million residents, up to roughly 1.7 million residents in the urban agglomeration. Nizhny Novgorod is the List of cities and towns in Russia by population, sixth-largest city in Russia, the Volga#Biggest cities on the shores of the Volga, second-most populous city on the Volga, as well as the Volga Federal District. The city is located 420 kilometers (260 mi) east of Moscow. It is an important economic, transportation, scientific, educational and cultural centre in Russia and the vast Volga-Vyatka economic region, and the main centre of river tourism in Russia. In the his ...
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Gorky Automobile Plant In Nizhniy Novgorod (20)
Gorky may refer to: ;People *Maxim Gorky (1868–1936), Russian author and political activist, founder of socialist realism *Arshile Gorky (1904–1948), Armenian-American abstract expressionist painter ;Inhabited localities *Gorky, name of Nizhny Novgorod, Soviet Union, from 1932 to 1990 ;Other uses *Gorky Reservoir, on the Volga in Nizhny Novgorod Oblast, Russia *2768 Gorky, asteroid *Gorky, original band of Luc De Vos and predecessor of his subsequent band Gorki **'' Gorky'', their first album See also *Gorki (other) *Górki (other), various locations in Poland *Gorky Park (other) *Gorky Film Studio, Moscow *Gorky's Zygotic Mynci, Welsh indie band, 1991–2006 **'' Gorky 5'', their fifth album *Gorky 17 ''Gorky 17'' (released as ''Odium'' in North America) is a turn-based tactics tactical role-playing video game developed by Polish studio Metropolis Software and published by Monolith Productions for Microsoft Windows in 1999. The game was lat .. ...
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Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ...
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General Motors
General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC (marque), GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the List of manufacturers by motor vehicle production, largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and SAIC-GM-Wuling, Wuling via SAIC-GM-Wuling, SAIC-GM-Wuling Automobile. GM further owns GM Defense, a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information ...
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VM Motori
VM Motori S.p.A. is an Italian diesel engine manufacturing company which is wholly owned by Stellantis. VM headquarters and main production facilities are located in Cento, in Emilia-Romagna, Italy. History VM Motori was founded by two entrepreneurs, Claudio Vancini and Ugo Martelli (hence the ''"VM"'') in 1947. VM merged with ''Stabilimenti Meccanici Triestini'' in Trieste in 1971, then ''Finmeccanica'' took a majority stake in the combined company. The company was referred to as "Finmeccanica VM" for many years. In 1989, Finmeccanica restructured, selling its stake in VM Motori to company managers and Midland Montague in a leveraged buyout, leaving the company with its single Cento plant. Detroit Diesel, Detroit Diesel Corporation (DDC) bought VM Motori in 1995. In 2000, Detroit Diesel, DDC was purchased by DaimlerChrysler AG. In 2003, Penske Corporation purchased a 51% stake in VM Motori; in 2007, Penske bought the remaining 49% from Detroit Diesel, Detroit Diesel Corpor ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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