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Walter Aircraft Engines
Walter Aircraft Engines is an aircraft engine manufacturer and former automotive manufacturer. Its notable products include the M601 turboprop. The company is based in Prague, Czech Republic. It has been a subsidiary of GE Aviation since July 2008. History Josef Walter founded the company in 1911 to make motorcycles and motor tricycles. It started to make automobiles in 1913: initially its own models, and later the Fiat 508, 514, 522 and 524 under licence. By 1926 Walter was Czechoslovakia's fourth-largest car maker by sales volume. In 1929 it still held fourth place, and production peaked at 1,498 cars for the year. By 1932 Walter production had slumped to 217 cars for the year. The figure recovered to 474 in 1933, but fell again to 102 in 1936 and to only 13 in 1937. Walter ceased car production in 1954. From the early 1920s Walter also manufactured BMW aircraft engines under license, as well as its own family of air-cooled radial piston engines. In the 1930s Walter also ... [...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 entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
