Formosa Automobile Corporation (Chinese: 台朔汽車股份有限公司) is a Taiwanese automobile company. It was founded on October 20, 1996, by Mr. Lee Tzung-Chang of the TaiwaneseFormosa Plastics Group.
Formosa Automobile Corporation started after buying the factory from Sanfu Motor Co., Ltd. with its initial plan to produce LPG and petroleum vehicles and to increase production and management experiences in vehicle production.
On November 11, 1999, Formosa Automobile Corporation started a product license agreement with GM Daewoo to produce the Magnus sedan under the Formosa brand as their first product.
The Formosa Magnus was a re-branded Daewoo Magnus sedan running on the SC-1 DOHC 2.0L engine by GM. The Formosa Matiz hatchback was added later, based on the new-badge 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 a long-term financial loss.
In 2005, Formosa Automobile Corporation acquired the procuration rights of the Czech RepublicSkoda brand of VAG and introduced the Fabia, Octavia, Superb, and Roomster passenger cars. Due to the 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 Southeast Asian markets, and DAF Trucks Taiwan is only in charge of sales and service.[3]
But after 2006, the company encountered obstacles such as market rivalry from other companies and evolving consumer tastes, impacting its business trajectory. These challenges led to ongoing fluctuations in financial performance and operational sustainability.
Formosa Magnus as taxi a in Taiwan.Formosa Matiz hatchback.DAF Linkou Service Centre.
formosa, automobile, corporation, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this. 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 This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Formosa Automobile Corporation news newspapers books scholar JSTOR February 2017 Learn how and when to remove this message The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources Formosa Automobile Corporation news newspapers books scholar JSTOR February 2017 Learn how and when to remove this message This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view February 2017 Learn how and when to remove this message This article needs to be updated Please help update this article to reflect recent events or newly available information June 2022 Learn how and when to remove this message Formosa Automobile Corporation Chinese 台朔汽車股份有限公司 is a Taiwanese automobile company It was founded on October 20 1996 by Mr Lee Tzung Chang of the Taiwanese Formosa Plastics Group Formosa Automobile CorporationCompany typePrivate Company Limited LiabilityIndustryAutomotive ProductionFounded20 October 1996 27 years ago 1996 10 20 FounderLee Tzung Chang 李宗昌 HeadquartersTunhwa Rd North No 201 Songshan District Taipei Taiwan 105ProductsAutomobileNumber of employees300Websitewww wbr daf wbr com wbr tw Formosa Automobile Corporation started after buying the factory from Sanfu Motor Co Ltd with its initial plan to produce LPG and petroleum vehicles and to increase production and management experiences in vehicle production On November 11 1999 Formosa Automobile Corporation started a product license agreement with GM Daewoo to produce the Magnus sedan under the Formosa brand as their first product The Formosa Magnus was a re branded Daewoo Magnus sedan running on the SC 1 DOHC 2 0L engine by GM The Formosa Matiz hatchback was added later based on the new badge 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 a 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 the 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 Southeast Asian markets and DAF Trucks Taiwan is only in charge of sales and service 3 But after 2006 the company encountered obstacles such as market rivalry from other companies and evolving consumer tastes impacting its business trajectory These challenges led to ongoing fluctuations in financial performance and operational sustainability Formosa Magnus as taxi a in Taiwan Formosa Matiz hatchback DAF Linkou Service Centre See also editTransportation in Taiwan List of Taiwanese automakers List of companies of Taiwan DAFReferences edit 台朔汽車股份有限公司簡介 www2 fpg com tw Archived from the original on 2020 02 24 Retrieved 2023 03 27 夢碎 台朔汽車吹熄燈號 苦勞網 23 November 2007 Archived from the original on 2019 10 19 Retrieved 2017 02 12 台塑貨運 攻東南亞重車 21 November 2013 Archived from the original on 2017 01 12 Retrieved 2017 02 12 External links editDAF Taiwan nbsp Wikimedia Commons has media related to Formosa Automobile Corporation nbsp This corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Formosa Automobile Corporation amp oldid 1200393259, wikipedia, wiki, book, books, library,
