Ukrainian Automobile Corporation JSC or UkrAVTO (Ukrainian: Українська Автомобільна Корпорація, УкрАВТО; Ukrayinska Avtomobilna Korporatsiya) is a Ukrainian automobile manufacturing and service company, as well as Ukraine's largest automobile distributor. It was founded in 1969 as the Ukraine Motor Vehicles Maintenance Department - a reorganisation of diverse car manufacturing, parts, sales and maintenance agencies in the then Ukrainian SSR. It was restructured after Ukraininan independence, then corporatized and fully privatised in 1995. In 2002, it took over the major Ukrainian automobile manufacturer ZAZ/AvtoZAZ, after the bankruptcy of Daewoo Motors. The resulting merged ZAZ division is the largest subsidiary of UkrAVTO. In 2005, it took over the Polish Daewoo subsidiary Fabryka Samochodów Osobowych (FSO) which had been supplying it with car parts.
UkrAVTO owns the largest network of manufacturing and assembling facilities, service stations and auto dealerships in Ukraine. It currently manufactures cars for General Motors (particularly models originally designed for Daewoo) and assembles cars for Dacia. UkrAVTO also builds cars under its own name, particularly the Slavuta and Tavria Nova models - lines it inherited from the Soviet era.
It also acts as Ukrainian distributor and authorised service organisation for a number of foreign car, car parts and accessories manufacturers, including DaimlerChrysler, General Motors, Toyota, Nissan, Dacia, Dongfeng Motors and Tata Motors.
Since 1983, UkrAVTO has been chaired by Tariel Shakrovych Vasadze (Таріел Шакрович Васадзе). Now he is also the controlling shareholder of the corporation, as well as of the whole oligarch-like "UkrAVTO Group" united around UkrAVTO JSC.
Famous quotes containing the words automobile and/or corporation:
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