About: Avtotor   Sponge Permalink

An Entity of Type : dbkwik:resource/41M8fembgW4ejRUqT-lkRA==, within Data Space : dbkwik.org associated with source dataset(s)

Avtotor was founded in 1996 by a group of investors led by current principal owner and chairman of the board of directors of Vladimir Shcherbakov, former Deputy Prime Minister and Chairman of the USSR Goskomtrud. A $130,000,000 assembly plant was built, originally planning to produce Nissan automobiles. The plant was installed in an unoccupied shipyard in Kaliningrad. The name of the company is a compound of "Auto" and "tor" (the German word for "gate"). In 1997, the new plant began assembling Kia automobiles.

AttributesValues
rdf:type
rdfs:label
  • Avtotor
rdfs:comment
  • Avtotor was founded in 1996 by a group of investors led by current principal owner and chairman of the board of directors of Vladimir Shcherbakov, former Deputy Prime Minister and Chairman of the USSR Goskomtrud. A $130,000,000 assembly plant was built, originally planning to produce Nissan automobiles. The plant was installed in an unoccupied shipyard in Kaliningrad. The name of the company is a compound of "Auto" and "tor" (the German word for "gate"). In 1997, the new plant began assembling Kia automobiles.
Products
  • Cars, trucks
dcterms:subject
dbkwik:tractors/pr...iPageUsesTemplate
number of employees
  • 5000(xsd:integer)
Name
  • Avtotor
Type
  • Public company
Industry
Founded
  • 1996(xsd:integer)
Location
  • Kaliningrad, Russia
abstract
  • Avtotor was founded in 1996 by a group of investors led by current principal owner and chairman of the board of directors of Vladimir Shcherbakov, former Deputy Prime Minister and Chairman of the USSR Goskomtrud. A $130,000,000 assembly plant was built, originally planning to produce Nissan automobiles. The plant was installed in an unoccupied shipyard in Kaliningrad. The name of the company is a compound of "Auto" and "tor" (the German word for "gate"). In 1997, the new plant began assembling Kia automobiles. In the aftermath of the 1998 Russian financial crisis, the company found itself in a difficult financial position, as automobile sales dropped significantly. To mitigate the consequences of the crisis, the company secured a large contract with BMW and transitioned to contract assembly, sparing Avtotor the cost of buying components. Later, the company began a partnership with GM, starting assembly on the Chevrolet Lacetti.
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