GAZ Group President Vadim Sorokin received the Adam Smith Award

The President of GAZ Group received the award of the 20th Russian Automotive Forum Adam Smith Conference in the nomination "Best executive". The prize was presented to the President of the GAZ Group Vadim Sorokin at the Adam Smith Forum, which was held from March 15 to 16.

GAZ Group President Vadim Sorokin received the Adam Smith Award The president of GAZ Group Vadim Sorokin received the Adam Smith Award in the nomination "Best executive". Experts note the success of the development strategy of GAZ Group, developed by Vadim Sorokin. The strategy is based on the implementation of a modular approach to the development of new models, the synergy of using engineering and technological resources in the development of product lines in various segments of commercial transport.

Anastasia Varnavskaya, Director of the Russian Automobile Forum:

"The modular approach allows GAZ Group to shorten the lead time for the development of new products and expand the line of equipment at an unprecedented pace. The success of the strategy is confirmed by the statistics of the market. According to the analytical agency "Autostat", the new model of GAZ - GAZelle NEXT - became the leader in the rating of light commercial vehicles in Russia in 2016, the growth rates of sales of GAZ Group cars significantly outperform the market dynamics. In general, in 2016, GAZ Group released more than 10 new and upgraded products in the LCV segment, bus and truck segments and increased sales in all of these segments, despite continued stagnation on the Russian automotive market.

Vadim Sorokin, President of the GAZ Group:

- This award is a recognition of the achievements of all employees of GAZ Group: technologists, engineers, workers. At our enterprises there is the best team of car manufacturers who are aimed at the result - a rapid update of the model range, dominance on the Russian market, access to new markets. This imposes a great responsibility on me as a manager. This year our key enterprise - Gorky Automobile Plant - turns 85 years old. The successors of the first Russian automakers are working here. They have the highest level of skills and are able to work with complete dedication, creating modern cars that are best sellers on the Russian market.