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Saviem UI20
The Société Anonyme de Véhicules Industriels et d'Équipements Mécaniques (), commonly known by the acronym Saviem (), was a French manufacturer of trucks and bus, buses/coaches part of the Renault group, headquartered in Suresnes, Île-de-France. The company was established in 1955 by merging Renault heavy vehicle operations with Somua and Latil and disappeared in 1978 when was merged with former rival Berliet to form Renault Trucks, Renault Véhicules Industriels. The company initially had various factories for vehicle production around France (mainly at the Île-de-France, Paris area) which came from its predecessors and Societe des usines Chausson, Chausson, but it soon centred assembly on Blainville-sur-Orne (trucks) and Annonay (buses and coaches). Saviem formed partnerships with other manufacturers, leading to technology-sharing agreements. History Early years At the end of 1946, Renault abandoned the production of heavy trucks in view of its financial troubles, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
