Fabryka Samochodów Osobowych
Fabryka Samochodów Osobowych (transl. Passenger Car Factory), commonly known as FSO, is a Polish automobile parts manufacturer, and formerly an automobile producer of historic significance, located in Warsaw.
FSO Factory | |
| Company type | Joint stock company |
|---|---|
| Industry | Automotive |
| Founded | January 17, 1950 |
| Headquarters | Warsaw, Poland |
Area served | Worldwide |
Key people | Janusz Woźniak (Chairman) |
| Products | Automobiles |
| Revenue | PLN 10.6 billion |
| PLN 3.7 billion | |
Net income | PLN 4.3 billion |
Number of employees | 20 500 (1996) |
| Website | fso-sa.com.pl |
In 2011 the factory ceased production amidst the backdrop of the global crisis, but directly as a result of GM Korea's refusal to prolong the factory's licence to produce the Aveo. GM claimed that one of the reasons for breaking the cooperation with FSO was the entry into force of the EU-South Korea Free Trade Agreement, which stipulated that import duties on cars imported from South Korea (then at 10%) were to be progressively eliminated. Since then, FSO has been producing automotive sub-assemblies.
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