HQM Sachsenring GmbH is a Zwickau-based company that supplies chassis and body parts to the automotive industry. The company was named after the Sachsenring race track. Founded as VEB Sachsenring after the end of World War II, Sachsenring was one of the only manufacturers of vehicles in the East Germany, its best known product being the Trabant. Following the reunification of Germany in 1990, Sachsenring transitioned from a government-owned company under a centrally-planned economy to a private corporation in a free market economy.
After three years in bankruptcy, Sachsenring AG was purchased in February, 2006 by Härterei und Qualitätsmanagement GmbH of Leipzig. Formerly the dominant- and only- major automaker in East Germany, Sachsenring has since departed from making motor vehicles. Today, it supplies, among other things, the Volkswagen factory with parts for the Golf and Passat models.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
Address: Zwickau, Germany
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