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 inva ...

. It was founded in 1975 as Industrial Association, а holding that incorporated

ZAZ ZAZ or Zaporizhzhia Automobile Building Plant ( uk, ЗАЗ, Запорізький автомобілебудівний завод, ''Zaporiz'kyi avtomobilebudivnyi zavod'' or ''Zaporiz'kyi avtozavod'') is the main automobile manufacturer of U ...

, MeMZ, 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 Lu ...

(

LuAZ LuAZ ( uk, ЛуАЗ, short for ''"Луцький автомобільний завод"'', ''Lutskyi avtomobilnyi zavod''; Lutsk automobile factory) is a Ukrainian automobile manufacturer in the city Lutsk built in the Soviet Union. Since 2009 ...

) and

Kherson Kherson (, ) is a port city of Ukraine that serves as the administrative centre of Kherson Oblast. Located on the Black Sea and on the Dnieper River, Kherson is the home of a major ship-building industry and is a regional economic centre. I ...

. 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 stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders a ...

, 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 i ...

. In 1998 AvtoZAZ formed a joint venture with

Daewoo Motors Daewoo Motors ( ) was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running i ...

, named ''AvtoZAZ-Daewoo'' (АвтоЗАЗ-ДЕУ).

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 (UkrAVTO). In 2002, the corporation bought these shares and merged AvtoZAZ with

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