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AvtoZAZ (Ukrainian:АвтоЗАЗ) is anautomotive manufacturing company inUkraine. It was founded in 1975 asIndustrial Association, а holding that incorporatedZAZ,MeMZ, Illichivsk Automobile Parts Plant (Ukrainian:Іллічівський завод автоагрегатів) and a number of other automobile-production facilities inLutsk (LuAZ) andKherson. It is the only enterprise in Ukraine having full-scale cycle of passenger cars production.[1][2]
In the 1990s, it was reorganized into ajoint-stock company, although 100% of shares stayed with thegovernment.
In 1998 AvtoZAZ formed a joint venture withDaewoo Motors, namedAvtoZAZ-Daewoo (АвтоЗАЗ-ДЕУ).ZAZ 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 byGeneral Motors, 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 toUkrainian Automobile Corporation (UkrAVTO). In 2002, the corporation bought these shares and merged AvtoZAZ withZAZ.
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