Derways Automobile Company

The Derways Automobile Company (ООО Автомобильная компания ДЕРВЕЙС) was a Russian automaker located in Cherkessk. The company was founded in 2003 as the first private car manufacturer of Russia and as a part of the Russian Mercury Group. Since June 2007 the company is building 100,000 units for the local market within a joint venture with the Chinese firms Lifan Group and Liaoning SG Automotive Group Co., Ltd. The second plant of Derways was opened in the fall 2009. About 3,000 workers were employed by Derways. The name Derways is composed of two parts: Der - from the name of the founder (Hadji-Murat "Der"ev) and "ways" - from the English. "Roads".

Derways Automobile Company
Native name
ООО Автомобильная компания «Дервэйс»
PLC private company
IndustryAutomotive
Founded2003 (2003)[1]
Headquarters,
ProductsAutomobiles
Revenue$186 million[2] (2017)
-$4.82 million[2] (2017)
$1.03 million[2] (2017)
Total assets$416 million[2] (2017)
Total equity-$4 million[2] (2017)
Number of employees
3,000
ParentMerkuriy
Websitederways.ru
Derways Cowboy (early version)

Models

Current

Former

Derways assembled Lifan 320

References

See also

  • TagAZ, a similar but now defunct Russian company.
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