Zaporizhia automobile building plant changed the name

Запорожский автозавод сменил название

The plant resumed the production of cars in October after being idle since the beginning of this year

ZAZ is now called Promavtoinvest.

Zaporizhia automobile plant changed its name to Promavtoinvest, the report said companies in the information disclosure system of the national Commission on securities and stock market.

At an extraordinary meeting the shareholders also decided to change the form of ownership from public to private joint-stock company.

The plant produces cars under ZAZ brand (Lanos, Sens, Lanos-van, Forza, Vida), trucks and buses on the chassis and the units of the Indian TATA. It is produced only under specific market needs.

According to the Association “Ukrautoprom”, in November 2016, the company produced 300 cars, which is five times higher than that of October of the current year (59 units). The plant resumed the production of cars in October after being idle since the beginning of this year.

Recall that Zaporizhia automobile plant has expanded the model range of ZAZ Vida, launching serial production of a new version – the commercial Cargo van.

According to the materials:

Correspondent.net
Interfax-Ukraine
Source