GAZ Group
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GAZ Group () is a Russian automotive conglomerate headquartered in
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 an ...
. 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 Gaz may refer to: Geography *Gaz, Kyrgyzstan Iran * Gaz, Darmian, village in South Khorasan province * Gaz, Golestan, a village in Bandar-e Gaz County * Gaz, Hormozgan, a village in Minab County * Gaz, Kerman, a village * Gaz, North Khorasan, a ...
), buses PAZ, KAvZ, LiAZ, cars, powertrain ( YaMZ and UMZ) and automotive components. The market shares of the company: about 50% in the
light commercial vehicle A light commercial vehicle (LCV) in the European Union, Australia and New Zealand is a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons (tonnes). The LCV designation is also occasionally used in both Cana ...
s 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 A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
, 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 "GAZ". In 2022, the company's revenue amounted to 4.6 billion rubles.


History

GAZ Group was founded in 2005 as a result of the restructuring of the production assets of Ruspromavto, which existed from 2001. In August 2006, Gaz Group's military technology enterprises JSC Arzamas Machine-Building Plant, in Viksa, and JSC Barnaultransmash became the independent Military Industrial Company to ensure the separation of automotive business of
Russian Machines Russian Machines (, /Russkie mashiny/) is a Russian Conglomerate (company), conglomerate that consists of industrial and engineering divisions. The group currently operates 27 plants throughout 12 regions in Russia and produces mechanical engineer ...
into public (GAZ Group) and non-public (Military-Industrial Company) assets. In the summer of 2006 "GAZ Group" acquired UK based manufacturer of light trucks LDV Holdings (
Birmingham Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands, within the wider West Midlands (region), West Midlands region, in England. It is the Lis ...
) for $40,670,000. In the spring of 2009 in connection with the marketing of the crisis caused by, including the global economic crisis, LDV Holdings came under
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 deb ...
and in early May 2009, GAZ Group agreed to sell the company Malaysian carmaker Weststar. In 2008, "GAZ Group" has agreed to buy 50% of Italian
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 entrep ...
and localization of its engines. Closing of the transaction was to take place after the approval of the antitrust authorities. GAZ Group has also entered into an agreement with
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 f ...
who controlled 50% of VM Motori on the basis of co-ownership of the Italian company. In mid-2009, the deal was canceled in the aftermath of the economic crisis.


Owners and management

The joint stock company is managed by the
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 regulatio ...
whose
Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...
, Mr. Wolf, is the sole executive body is the Management Company GAZ Group. Shareholders of OJSC "GAZ" are: * JSC Russian Machines - 61.05% of the ordinary shares; * Minority shareholders - 38.79%; * Government - 0.16% The company's capitalization at the end of the I quarter of 2008 was $3.3 billion.


Composition


Divisions

GAZ Group is divided into five divisions (activities), the structure of each of which are production plants and sales organizations. * GAZ Group Auto Components ** Dies And Molds Plant ** Kanashsky Auto-Aggregate Plant, bus chassis producers. * GAZ Group Commercial Vehicles ** Gorky Automobile Plant (GAZ) - the main company of the Group, accounting for more than half of the turnover of the entire GAZ Group. Production in 2015: 68,857 vehicles. ** Saransk Dump Truck Plant ** Ulyanovsk Motor Plant ** Nizhny Novgorod Motors * GAZ Group Powertrain Division ** Yaroslavl Motor Plant ** Yaroslavl Fuel Equipment Plant ** Yaroslavl Diesel Equipment Plant * GAZ Group Bus Division ** Pavlovo Bus Factory - production in 2015: 5,872 vehicles. ** KAvZ - production in 2015: 318 vehicles. ** Likinsky Bus Plant - production in 2015: 890 vehicles. ** Golitsyn Bus Plant


Companies

* Abakanvagonmash * Berezka * Bosal-GAZ * CHZ-Turbo-Gaz * Fuel Supply Systems * Maxus Rus * Pit-Arsenal * Production Association Khtz Belgorod * Remstroy * Terex Rus * Tver Excavator * United Engineering Center, headquartered in Nizhny Novgorod, consisting of 16 units of engineering plants on 18 July 2007 with the goal of working together to update the lineup Gaz Group plants. * Zavolzhsky Plant Of Caterpillar Tractors


See also

*
Russian Machines Russian Machines (, /Russkie mashiny/) is a Russian Conglomerate (company), conglomerate that consists of industrial and engineering divisions. The group currently operates 27 plants throughout 12 regions in Russia and produces mechanical engineer ...
*
Automotive industry The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor ve ...
*
Automotive industry in Russia Automotive production is a significant industry in Russia, directly employing around 600,000 people or 1% of the country's total workforce. Russia produced 1,767,674 vehicles in 2018, ranking 13th among car-producing nations in 2018, and accoun ...
* Automobile model numbering system in the Soviet Union and Russia


References


External links


International product website GAZ

Corporate website GAZ Group
{{DEFAULTSORT:Gaz Motor vehicle engine manufacturers Companies listed on the Moscow Exchange Engine manufacturers of Russia