History
The factory was founded in 1967 by the former Van Doorne's Automobiel Fabriek (DAF), and continued after the takeover of its parent by Volvo in 1972–75. When financial difficulties threatened to close it down in the early 1990s the government stepped in to ensure its survival. A joint venture between the Dutch State, Volvo and Mitsubishi Motors began in August 1991, although it was 1996 before the name was officially changed from Volvo Car B.V. to Netherlands Car B.V. On February 15, 1999 the Dutch government sold its shares to its two partners, which then owned 50 percent each. Later, on March 30, 2001, Volvo sold its shares to Mitsubishi, which then owned 100 percent. The last Volvo automobiles were built in 2004. In 2012, Mitsubishi announced it would stop producing cars in the Netherlands. Dutch coach manufacturer VDL announced it would acquire the factory. VDL entered negotiations with BMW which resulted in the announcement that certain Mini models would be produced in the Limburg factory from 2014 onwards.
Read more about this topic: Ned Car
Famous quotes containing the word history:
“The history of American politics is littered with bodies of people who took so pure a position that they had no clout at all.”
—Ben C. Bradlee (b. 1921)
“I am not a literary man.... I am a man of science, and I am interested in that branch of Anthropology which deals with the history of human speech.”
—J.A.H. (James Augustus Henry)
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)