Formosa Automobile Corporation () is a Taiwanese automobile company, founded on October 20, 1996 by Mr. Lee Tzung-Chang of the

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...

ese

Formosa Plastics Group Formosa Plastics Group (FPG, ) is a titular Taiwanese conglomerate of diverse interests, including biotechnology, petrochemical processing and production of electronics components. The company was founded by Wang Yung-ching and his brother Wan ...

. Formosa Automobile Corporation started after buying the factory from the unsuccessful Sanfu Motor Co., Ltd. The initial plan included producing LPG and petroleum vehicles and increasing production and management experience in vehicle production. On November 11, 1999 Formosa Automobile Corporation started the product license corporation with GM

Daewoo Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerat ...

to produce the

Magnus Magnus, meaning "Great" in Latin, was used as cognomen of Gnaeus Pompeius Magnus in the first century BC. The best-known use of the name during the Roman Empire is for the fourth-century Western Roman Emperor Magnus Maximus. The name gained wid ...

sedan under the Formosa branding as their first product. The Formosa Magnus was a rebranded

Daewoo Magnus The Daewoo Magnus is a mid-sized sedan developed and manufactured by Daewoo for model years 2000-2006 under a single generation, and marketed globably by GM Daewoo and other General Motors divisions, as well as GMDAT stake holder Suzuki. Develo ...

sedan running on the SC-1 DOHC 2.0L engine by GM The Formosa Matiz hatchback was added later, based on the rebadged

Daewoo Matiz Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerat ...

. The development of electric vehicles was also planned. In 2004, Formosa Automobile Corporation shut down the self-owned Formosa brand due to long-term financial loss. In 2005, Formosa Automobile Corporation acquired the procuration rights of the

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

Skoda Škoda means ''pity'' in the Czech and Slovak languages. It may also refer to: Czech brands and enterprises * Škoda Auto, automobile and previously bicycle manufacturer in Mladá Boleslav ** Škoda Motorsport, the division of Škoda Auto respons ...

brand of VAG, and introduced the Fabia, Octavia,

Superb Superb may refer to: *Škoda Superb car *, nine Royal Navy ships * The Superb, a railroad car used by US President Warren G. Harding *SuperB, a proposed particle physics facility in Italy * ''Grevillea'' 'Superb'', a widely grown ''grevillea'' (s ...

, and Roomster passenger cars. Due to high prices of

Skoda cars Škoda means ''pity'' in the Czech and Slovak languages. It may also refer to: Czech brands and enterprises * Škoda Auto, automobile and previously bicycle manufacturer in Mladá Boleslav ** Škoda Motorsport, the division of Škoda Auto respons ...

, Formosa Automobile Corporation abstained from the procuration rights of the

brand in 2007 with the aftermarket maintenance transferred to the Formosa Automobile commercial subsidiary. By the end of 2006, Formosa Automobile Corporation had only the production line of the

DAF Trucks DAF Trucks is a Dutch truck manufacturing company and a division of Paccar. Its headquarters and main plant are in Eindhoven. Cabs and axle assemblies are produced at its Westerlo plant in Belgium. Some of the truck models sold with the DAF ...

brand left with the Formosa Automobile commercial subsidiary in charge. Future plans include the export sales of South East Asian markets and

Taiwan is only in charge of sales and service.台塑貨運攻東南亞重車
/ref> Formosa Magnus taxi 389-MX 20100316

References

External links

DAF Taiwan
Taiwanese companies established in 1996 Car manufacturers of Taiwan Formosa Plastics Group Vehicle manufacturing companies established in 1996 {{company-stub

See also

References

External links