FANDOM


AvtoZAZ (Ukrainian: АвтоЗАЗ) is a automotive manufacturing company in Ukraine. It was founded in 1975 as Industrial Association, а holding that incorporated ZAZ, MeMZ, Illichivsk Automobile Parts Plant (Ukrainian: Іллічівський завод автоагрегатів) 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.

External linksEdit

  • avtozaz.com - Official site (English)/(Ukrainian)/(Russian)
  • UkrAvto - Ukrainian Automobile Corporation

ReferencesEdit

Smallwikipedialogo This page uses some content from Wikipedia. The original article was at AvtoZAZ. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia

Community content is available under CC-BY-SA unless otherwise noted.