LuAZ

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Luts'kyi Avtomobiln'nyi Zavod - LuAZ
Type	privately-held company
Founded
Headquarters	Lutsk, Ukraine
Industry	automobile manufacturing
Products	cars
Website	http://www.luaz.com/

LuAZ (Ukrainian: ЛуАЗ, short for "Луцький автомобільний завод", Luts'kyi avtomobiln'nyi zavod -"Lutsk car plant") is a Ukrainian automobile manufacturer located in the city of Lutsk.

1 History
- 1.1 Mergers and aquisitions
- 1.2 Recent developments
2 See also
3 External links
4 References

[edit] History

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The original product of this relatively small plant is the "LuAZ"-branded off-road vehicle, sturdy and simple, but outdated. At the moment the company is on the verge of bankruptcy, holding together by assembling cars produced by VAZ.

[edit] Mergers and aquisitions

The company was once part of AvtoZAZ holding, but now is a part of the Bogdan group, which also controls bus manufacturing facilities in Cherkasy.

In 2005, LuAZ commenced assembly of Hyundai and Kia cars from kits, with production set to further expand in 2006.

[edit] Recent developments

A major expansion program is planned, which will see construction of a new car manufacturing facility in Cherkasy including a new paint shop, with planned annual assembly of around 60,000 Lada's and 60,000 Hyundai's and Kia's from 2007. Passenger car production will be transferred from Luts'k to Cherkasy, while bus production will move to Luts'k.