Home »

Avtotor

The meaning of «avtotor»

Avtotor (Russian: Автотор) is an automobile manufacturing company located in Kaliningrad Oblast, Russia. Avtotor was established in 1996, and by 2008 it was one of the largest producers and assemblers of cars in the world.[3]The company's revenue for 2011 was reported to be approximately 4 billion euros and the company was reported to have 3,500 employees.[4]

Avtotor was founded in 1996 by a group of investors led by current majority owner and chairman of the board of directors, Vladimir Shcherbakov (former Deputy Prime Minister of the USSR and Chairman of Goskomtrud, the State Committee for Labour and Social Problems in the Soviet Union).

With an investment of $130,000,000, an assembly plant was installed in an unoccupied shipyard in Kaliningrad, with an original plan to produce Nissan automobiles. The name of the company is a portmanteau of "auto" and the German word "tor", meaning "gate". In 1997, the new plant also began assembling Kia automobiles.[5]

In the aftermath of the 1998 Russian financial crisis, the company found itself in a difficult financial position following a significant drop in automobile sales. To mitigate the consequences of the crisis, the company changed their business model. The company secured a contract with BMW to spare Avtotor the cost of buying components.

Later, the company began a partnership with General Motors, starting full-scale assembly on the Chevrolet Lacetti.

Assembly of the BMW vehicles began in August 1999, with the BMW 5 Series (E39) and 7 Series.[6] In the first year, 555 cars were produced.[citation needed] In March 2001, it began the assembly of the BMW 3 Series (E46),[6] and later, of the new 5 Series (E60).[7]

In July 2009, the capacity of the plant was increased and Avtotor began production of the crossovers BMW X5 and X6.[7] At the end of May 2010, Avtotor announced the start of assembly on the new BMW 5 Series (F10) for the Russian market,[8] from kits received from Germany.

The BMW line-up produced in Kaliningrad has expanded over the time with the following models: E65/66 (7 Series), F01/F02 (7 Series), E90 (3 Series), E70 (X5), E71 (X6), E83 (X3) and E84 (X1).[6][9]

In May 2015, BMW released a statement postponing the decision to invest in another plant in Russia, due to economic uncertainty in the country.[10] There have been rumors in the media about the quality of Russian made BMWs.[11]

In August 2003, Avtotor and General Motors signed a set of agreements on the organization of production of GM vehicles at the Kaliningrad plant.[12]

In August 2004, the Kaliningrad plant started production of the Chevrolet TrailBlazer and Chevrolet Tahoe,[13] and in October 2004, of the Hummer H2.[14][15]

In July 2005, the Cadillac CTS, SRX and STS joined them.[16]

On 21 November 2008, started of the production of the Chevrolet Lacetti in full cycle, including welding and painting. This investment in the organization of the production on the part of GM in Avtotor amounted to 80 million euros.[17]

Related Searches

BC AvtodorFC Avtodor VladikavkazOkiya
SillajhuayAlto Tormes

Choice of words

a-vtotor_ _
av-totor_ _
avt-ot-or_ _
avto-to-r_ _
avt-ot-or_ _
avto-to-r_ _
avtotor-_ _
avtotor:_ _ _ _
avtotor_ _ _ _
avtotor_ - _ _ _
avtotor-_ _ _ _
avtotor _ _ _ _ _
avtotor _ - _ _ _ _
© 2015-2020, Wikiwordbook.info
Copying information without reference to the source is prohibited!
contact us mobile version