AvtoZAZ ( uk, АвтоЗАЗ) is an automotive manufacturing company in
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
. It was founded in 1975 as Industrial Association, а holding that incorporated
ZAZ,
MeMZ
MEMZ is a brand of vehicle engines related to Melitopol Engine Factory ( uk, Мелітопольський моторний завод; literally "Melitopol Motor Plant" ), which is located in Melitopol, Zaporizhzhia Oblast and it is a part ...
, Illichivsk Automobile Parts Plant ( uk, Іллічівський завод автоагрегатів) and a number of other automobile-production facilities in
Lutsk
Lutsk ( uk, Луцьк, translit=Lutsk}, ; pl, Łuck ; yi, לוצק, Lutzk) is a city on the Styr River in northwestern Ukraine. It is the administrative center of the Volyn Oblast (province) and the administrative center of the surrounding Luts ...
(
LuAZ
LuAZ ( uk, ЛуАЗ, short for ''"Луцький автомобільний завод"'', ''Lutskyi avtomobilnyi zavod''; Lutsk automobile factory) is a Ukraine, Ukrainian automobile manufacturer in the city Lutsk built in the Soviet Union. Si ...
) and
Kherson
Kherson (, ) is a port city of Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers appr ...
. It is the only enterprise in Ukraine having full-scale cycle of passenger cars production.
History
In the 1990s, it was reorganized into a
joint-stock company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...
, although 100% of shares stayed with the
government
A government is the system or group of people governing an organized community, generally a state.
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...
.
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
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
, 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 the 2000s (decade), the state-owned 82% of AvtoZAZ shares were trusted to
Ukrainian Automobile Corporation
Ukrainian Automobile Corporation JSC ( uk, Українська Автомобільна Корпорація), or UkrAVTO ( uk, УкрАВТО), is a Ukrainian automobile manufacturing and service company, as well as Ukraine's largest automobil ...
(UkrAVTO). In 2002, the corporation bought these shares and merged AvtoZAZ with
ZAZ.
External links
AvtoZAZ.com- Official website
UkrAvto- Ukrainian Automobile Corporation
{{Automotive industry in Ukraine
Car manufacturers of Ukraine
Car manufacturers of the Soviet Union
Vehicle manufacturing companies established in 1975
1975 establishments in the Soviet Union