Aro (other)
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Aro (other)
ARO (short for Auto Romania) was a Romanian off-road vehicle manufacturer located in Câmpulung. The first ARO vehicles were produced in 1957, and the last in 2003. For a short while, Daihatsu-powered AROs were sold in Spain and produced in Portugal under the brands. In Italy, AROs were produced and sold under the ACM brand, often fitted with Volkswagen engines. Low volume production of ARO vehicles has restarted under the aegis of a Czech Republic, Czech company called Auto Max Czech (AMC). During the mid-2000s, Russian manufacturer Derways Automobile Company, Derways used ARO chassis to produce its Derways Cowboy model. History The first factory in Câmpulung was built during the Second World War, under orders from Marshal Ion Antonescu, starting 1942. The facility was initially meant to produce airscrews, being an extension of the Romanian aircraft manufacturer Industria Aeronautică Română, IAR. After the war, this factory formed the base for ARO. The beginning ARO ma ...
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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 of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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