Companies / Ukraine
ZAZ Widens Regional Scope
June 2006 | Company SpotlightThe Zaporizhzhya Car Plant (ZAZ) is a joint venture between Ukraine's AvtoZAZ and Switzerland's Hirsch & Cie. The name ZAZ was taken by the former AvtoZAZ-Daewoo on becoming a joint stock company in 2003, when Hirsch & Cie acquired the 50% stake previously held by South Korea's Daewoo. AvtoZAZ, in turn, is 80% held by Ukravto, a local dealer for Toyota, Chevrolet and Mercedes-Benz vehicles.
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