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HQM Sachsenring GmbH
Company type
Private
Industry
Automotive
Founded
1957; 67 years ago (1957)
Headquarters
Zwickau, Germany
Products
Automobiles
Number of employees
300
Website
HQM Homepage
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 few manufacturers of vehicles in East Germany, its best known product being the Trabant, produced between 1957 and 1991.[1] 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 (HQM) of Leipzig. Formerly the dominant 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.
^Naomi Kresge (5 November 2007). "Turning 50, Trabant is German cult object". Reuters. Retrieved 14 September 2021.
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