Doninvest (Russian: Финансово-Промышленная Группа Донинвест) was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast.
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 Citroën to build the Orion M, as the rebadged Citroën Berlingo became known on the Russian market.[1] It turned out to be the only Citroën 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 Citroën.[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]
^"Russian Car Market Overview". Business Information Service for the Newly Independent States (BISNIS). 13 February 1998. Archived from the original on 13 February 1998. Retrieved 2 June 2017.
