Formosa Automobile Corporation
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
| Company type | Private Company、Limited Liability |
|---|---|
| Industry | Automotive Production |
| Founded | 20 October 1996 |
| Founder | Lee Tzung-Chang (李宗昌) |
| Headquarters | Tunhwa Rd. North No. 201, Songshan District, Taipei, Taiwan 105 |
| Products | Automobile |
Number of employees | 300 |
| Website | www |
Formosa Automobile Corporation (Chinese: 台朔汽車股份有限公司) is a Taiwanese automobile company, founded on October 20, 1996 by Mr. Lee Tzung-Chang of the Taiwanese Formosa Plastics Group. Formosa Automobile Corporation started after buying the factory from the unsuccessful Sanfu Motor Co., Ltd. The initial plan included producing LPG and petroleum vehicles and increasing production and management experience in vehicle production.
On November 11, 1999 Formosa Automobile Corporation started the product license corporation with GM Daewoo to produce the Magnus sedan under the Formosa branding as their first product. The Formosa Magnus was a rebranded Daewoo Magnus sedan running on the SC-1 DOHC 2.0L engine by GM The Formosa Matiz hatchback was added later, based on the rebadged Daewoo Matiz. The development of electric vehicles was also planned.[1]
In 2004, Formosa Automobile Corporation shut down the self-owned Formosa brand due to long-term financial loss.
In 2005, Formosa Automobile Corporation acquired the procuration rights of the Czech Republic Skoda brand of VAG, and introduced the Fabia, Octavia, Superb, and Roomster passenger cars. Due to high prices of Skoda cars, Formosa Automobile Corporation abstained from the procuration rights of the Skoda brand in 2007 with the aftermarket maintenance transferred to the Formosa Automobile commercial subsidiary.[2]
By the end of 2006, Formosa Automobile Corporation had only the production line of the DAF Trucks brand left with the Formosa Automobile commercial subsidiary in charge. Future plans include the export sales of South East Asian markets and DAF Trucks Taiwan is only in charge of sales and service.[3]
See also
References
External links
| Domestic manufacturers | |
|---|---|
| Foreign companies with operations | |
| Defunct companies | |
| Components | |
| Related topics | |
 | This corporation or company article is a stub. You can help Wikipedia by expanding it. |