HQM Sachsenring GmbH
Encyclopedia
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Zwickau
Zwickau in Germany, former seat of the government of the south-western region of the Free State of Saxony, belongs to an industrial and economical core region. Nowadays it is the capital city of the district of Zwickau...
-based company that supplies parts to the automotive industry.
The company was named after the Sachsenring
Sachsenring
The Sachsenring racing circuit is located in Hohenstein-Ernstthal near Chemnitz in Saxony, Germany. Among other events, it features the annual German motorcycle Grand Prix of the FIM Grand Prix motorcycle racing world championship.- History :...
race track.
Called VEB
Volkseigener Betrieb
The Volkseigener Betrieb was the legal form of industrial enterprise in East Germany...
Sachsenring until 1990, it was a producer of vehicles in the former German Democratic Republic
German Democratic Republic
The German Democratic Republic , informally called East Germany by West Germany and other countries, was a socialist state established in 1949 in the Soviet zone of occupied Germany, including East Berlin of the Allied-occupied capital city...
, its most famous product being the Trabant
Trabant
The Trabant is a car that was produced by former East German auto maker VEB Sachsenring Automobilwerke Zwickau in Zwickau, Sachsen. It was the most common vehicle in East Germany, and was also exported to countries both inside and outside the communist bloc...
.
After three years in bankruptcy, Sachsenring AG was purchased in February, 2006 by Härterei und Qualitätsmanagement GmbH (HQM) of Leipzig
Leipzig
Leipzig Leipzig has always been a trade city, situated during the time of the Holy Roman Empire at the intersection of the Via Regia and Via Imperii, two important trade routes. At one time, Leipzig was one of the major European centres of learning and culture in fields such as music and publishing...
.