Avtovaz

AvtoVAZ

AvtoVAZ (Russian: АвтоВАЗ, MCX: AVAZ) is the Russian automobile manufacturer formerly known as VAZ: Volzhsky Avtomobilny Zavod (ВАЗ, Во́лжский автомоби́льный заво́д), but better known to the world under the trade name Lada. The company was established in the late 1960s in collaboration with Fiat. The current company name contains the semantic pleonasm "AvtoVAZ", which stands for "Avtomobilniy Volzhsky Avtomobilny Zavod" ("Automobile Volga Automobile Plant"). AvtoVAZ is the largest company in the Russian automotive industry. It is 25% owned by French carmaker Renault.