Formerly |
|
---|---|
Company type | Private (1956–65) Subsidiary (1965–present) |
Industry | Automotive |
Founded | July 27, 1956[1] |
Founder | Germán Montoya Vélez |
Headquarters | , Colombia |
Products | Automobiles, commercial vehicles |
Brands | |
Number of employees | 35,000 [3] |
Parent |
|
Website | chevrolet.com.co |
General Motors Colmotores S.A. is a Colombian automobile manufacturer based in Bogotá and has been the local subsidiary of General Motors since 1979. Established in 1957 as "Fábrica Colombiana de Automotores S.A." (shortened "Colmotores)", they began manufacturing Austin vehicles under license of BMC. In 1965, US-based corporation Chrysler took a 60% stake in the company, which manufactured Chrysler cars under license until 1979. In 1979, General Motors took control of the company, purchasing a 77.4% stake.
In 1981, the company was renamed "General Motors Colmotores". Since then it has manufactured, under license, a variety of General Motors, GM Daewoo, Isuzu, Qingling, and Suzuki vehicles for the local market, all sold under the Chevrolet brand. The company has production facilities in Colombia, Ecuador, and Venezuela, imports models from Chevrolet built by GM in the US and GM Korea built in Korea.
The company was the first automobile manufacturer in Colombia when they started to assemble cars in their factory in Bogotá in 1962.[1] Since its establishment, Colmotores has produced nearly 1.5 million vehicles.[4][5]
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