Doninvest

Doninvest (Russian: Финансово-Промышленная Группа Донинвест) was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast.

The firm produced Daewoo cars on license for the Russian market under an own brand.[1] Their best known models were the Doninvest Assol, the Doninvest Kondor, and the Doninvest Orion.

History

Doninvest Bank was founded in 1991 by Mikhail Paramonov.[2] In 1995, the bank financed a plan to assemble Pontiac cars in the Krasny Aksay plant.[2]

The first Daewoo-branded vehicles began to be manufactured in 1995, at the Krasny Aksay plant. The first models were the Daewoo Nexia and Daewoo Espero.[3] Doninvest began to manufacture own-brand vehicles on license in 1997, in an attempt to diversify the group holdings.[4] In 1997 Krasny Aksay was sixth in the rank of the country's car plants, producing 13,200 vehicles.[5] The bankruptcy of Daewoo in 2000 meant that the company only built 34 cars in the first nine months of the year.[1]

In May 1999 the company signed an agreement with Citroen to built the Orion M, as the rebadged Citroen Berlingo became known on the Russian market.[1] It turned out to be the only Citroen marketed by Doninvest.[6] Production on this model ended in 2003 with a total production run of 800-1,000 vehicles, and with it ended the group's partnership with Citroen.[4]

The TagAZ plant entered a partnership with Hyundai in 2001, but after the Korean carmaker built its own Russian factory in 2010, TagAZ ceased to be of interest to them.[7] During its last years of operation, the factory assembled Chery cars.[7] TagAZ was declared bankrupt in January 2014; the Doninvest Bank followed during the same year.[7]

Models

Car models produced by the company:[8]

References

  1. 1 2 3 Radosevic, S.; Sadowski, Bert M. International Industrial Networks and Industrial Restructuring in Central and Eastern Europe. Springer Science & Business Media. ISBN 9781402079412.
  2. 1 2 Костырев, Анатолий (14 November 2015). "Экс-владельцу ТагАЗа привезли банкротство". Коммерсантъ (Ростов). Retrieved 8 June 2017.
  3. ↑ "Russian Car Market Overview". Business Information Service for the Newly Independent States (BISNIS). 13 February 1998. Retrieved 2 June 2017.
  4. 1 2 "Doninvest Orion M: des Berlingo pour la Russie". Boitier Rouge. 26 November 2016. Retrieved 27 May 2017.
  5. ↑ "Вот те ГАЗ". Kommersant. 18 August 1999. Retrieved 8 June 2017.
  6. ↑ http://avtomarket.ru/brandhistory/Doninvest/
  7. 1 2 3 "Кто на самом деле стоит за крахом «Донинвеста»?". Коммерсантъ. Retrieved 8 June 2017.
  8. ↑ "История". Doninvest.ru. 19 June 2001.
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