AvtoZAZ
Encyclopedia
AvtoZAZ is an automotive manufacturing company in Ukraine
. It was founded in 1975 as Industrial Association, а holding that incorporated ZAZ
, MeMZ
, Illichivsk Automobile Parts Plant and a number of other automobile-production facilities in Lutzk (LuAZ
) and Kherson
. In 1990s, it was privatized
into a joint-stock company, although 100% of shares stayed with the government.
In 1998 AvtoZAZ formed a joint venture with Daewoo Motors
, named AvtoZAZ-Daewoo (АвтоЗАЗ-ДЕУ). ZAZ
was included in the deal as 50% share on the behalf of AvtoZAZ. Following the bankruptcy of Daewoo Motors in 2001, Daewoo was bought out by General Motors, however GM refused to acquire overseas manufacturing subsidiaries including AutoZAZ-Daewoo; the Daewoo part was later bought out by a Swiss investment company in 2003.
Since 2000s, the state-owned 82% of AvtoZAZ shares were trusted to Ukrainian Automobile Corporation
(UkrAVTO); in 2002, the corporation bought these shares and merged AvtoZAZ with ZAZ
.
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
. It was founded in 1975 as Industrial Association, а holding that incorporated ZAZ
ZAZ
ZAZ or Zaporizhia Automobile Building Plant is the main automobile-manufacturer of Ukraine, based in the south-eastern city of Zaporizhia. It is also known for its former mother company name, AvtoZAZ...
, MeMZ
MeMZ
MeMZ is short for "Melitopol Engine Plant" . The factory was founded in 1908 by a Mennonite entrepreneur by the name of Zaferman. Until 1925 the factory focused mainly on diesel engines specifically for applications in agricultural machinery and fishing ships...
, Illichivsk Automobile Parts Plant and a number of other automobile-production facilities in Lutzk (LuAZ
LuAZ
LuAZ is a Ukrainian automobile manufacturer located in the city of Lutsk.-History:The original product of this relatively small plant is the "LuAZ"-branded off-road vehicle, sturdy and simple, but outdated...
) and Kherson
Kherson
Kherson is a city in southern Ukraine. It is the administrative center of the Kherson Oblast , and is designated as its own separate raion within the oblast. Kherson is an important port on the Black Sea and Dnieper River, and the home of a major ship-building industry...
. In 1990s, it was privatized
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
into a joint-stock company, although 100% of shares stayed with the government.
In 1998 AvtoZAZ formed a joint venture with Daewoo Motors
GM Daewoo
GM Korea Company is South Korea's second largest automobile manufacturer and is a division of the General Motors Company. GM Korea's roots go back to the former Daewoo which was split from its parent company, Daewoo Group, in 2001...
, named AvtoZAZ-Daewoo (АвтоЗАЗ-ДЕУ). ZAZ
ZAZ
ZAZ or Zaporizhia Automobile Building Plant is the main automobile-manufacturer of Ukraine, based in the south-eastern city of Zaporizhia. It is also known for its former mother company name, AvtoZAZ...
was included in the deal as 50% share on the behalf of AvtoZAZ. Following the bankruptcy of Daewoo Motors in 2001, Daewoo was bought out by General Motors, however GM refused to acquire overseas manufacturing subsidiaries including AutoZAZ-Daewoo; the Daewoo part was later bought out by a Swiss investment company in 2003.
Since 2000s, the state-owned 82% of AvtoZAZ shares were trusted to Ukrainian Automobile Corporation
Ukrainian Automobile Corporation
Ukrainian Automobile Corporation JSC or UkrAVTO is a Ukrainian automobile manufacturing and service company, as well as Ukraine's largest automobile distributor. It was founded in 1969 as the Ukraine Motor Vehicles Maintenance Department - a reorganisation of diverse car manufacturing, parts,...
(UkrAVTO); in 2002, the corporation bought these shares and merged AvtoZAZ with ZAZ
ZAZ
ZAZ or Zaporizhia Automobile Building Plant is the main automobile-manufacturer of Ukraine, based in the south-eastern city of Zaporizhia. It is also known for its former mother company name, AvtoZAZ...
.
External links
- AvtoZAZ.com - Official website
- UkrAvto - Ukrainian Automobile Corporation