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TagAZ Vega

2009 – 2010

TagAZ ›TagAZ Vega

TagAZ, short for Taganrog Automobile Factory, was a car assembly plant situated in Taganrog, Russia, with an affiliated entity known as the Rostov Truck Factory. The plant commenced construction in 1997 with a license and technology from South Korean Daewoo Motors, funded entirely by the Doninvest Finance & Industry Group with investments exceeding US$260 million. By 1998, TagAZ initiated partial production of Daewoo vehicles like the Lanos and Nubira models in a semi-knocked-down manner. Unfortunately, on January 21, 2014, TagAZ was forced into bankruptcy. Despite the initial promise and investment, the company faced insurmountable financial challenges leading to its collapse. The plant