Revoz

Revoz d.d.

Type	Subsidiary
Industry	Automotive
Founded	June 1988 (June 1988)
Headquarters	Novo Mesto, Slovenia
Key people	Patrice Haettel (CEO)
Production output	93,733 (2013)
Revenue	€654.4 million (2013)
Operating income	€72.2 million (2013)
Profit	€11.5 million (2013)
Total assets	€422.3 million (end 2013)
Total equity	€220.4 million (end 2013)
Number of employees	2,036 (December 2013)
Parent	Renault
Website	www.revoz.si

Revoz (Slovene pronunciation: [ˈrɛʋɔz]) is a manufacturing subsidiary of Renault in Slovenia. It is the only automaker in the country and one of its largest exporters. The company was established in June 1988 as a joint venture between Renault and Industrija motornih vozil. Today, it is wholly owned by Renault.

The first assembly deal of Renault in Slovenia was signed with Ljubljana-based Litostroj in 1969. In November of that year Litostroj started to produce under licence the Renault 4, which was eventually nicknamed "Katrca" (Catherine) and became the most-produced Renault model within the country. Litostroj also manufactured transmissions for French-assembled vehicles. The deal ended in 1972.

In the mid-50s a Slovenian company called Agroservis partnered with Auto Union, building a factory to produce DKW models called Moto Montaža. In 1959, it was renamed Industrija motornih vozil (Industry of Motor Vehicles) or IMV. From 1963 to 1972 it assembled British Motor Corporation's Austins, but in 1973 it signed a partnership agreement with Renault, building Renaults 4 (mainly), 12, 16 and 18. In 1976 IMV became the second-largest manufacturer by volume in Yugoslavia after Zastava. The company manufactured 26,000–49,000 cars per year between 1977 and 1990, but huge misguided investments in 1978 left it on the verge of bankruptcy.

In 1988, Renault (as minority holder) and IMV formed a joint venture and created Revoz. Since the early 1990s it became one of the largest exporters (more than 5% of total country's exports) and employers (with more than 2000 workers) of Slovenia. The company started to manufacture the Renault 5 alongside the 4 (Revoz was the last plant where these cars were built). In 1991, Renault became the major company's shareholder, with a 54% stake. According to the Organisation for Economic Co-operation and Development the key reason behind Renault's investment was to have a factory for supplying the big Yugoslavia's domestic market, although that country's dissolution made it to transform Revoz into an export-oriented company. Since 1993, the company assembles the Clio. Revoz managed the Serbian operations until a Renault subsidiary was created.