Âge Motors Corporation: Difference between revisions
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Société Anonyme | |
Traded as | Bourse: AMC CAC100: Âge |
Industry | Automotive |
Founded | May 10, 1904 |
Founder | Patrice Âge |
Headquarters | , |
Area served | Worldwide |
Key people | Émeric Fouché (CEO) Nicolas Âge (Chairman) |
Products | Cars Luxury Cars Sports Cars Commercial vehicles |
Services | Automotive finance Vehicle leasing Vehicle service |
Revenue | Đ123.85 billion |
Number of employees | 632,000 (2016) |
Divisions | Âge Éclipse Rivelta |
Website | age.com |
The Âge Motors Corporation (commonly referred to as Âge) is a Midrasian multinational automotive manufacturer headquartered in Lotrič. The company was founded un 1904 by Patrice Âge and has since grown to become the largest corporation in Midrasia in terms of revenue and production, with a total revenue of Đ123.85 billion ($185.78 billion) in 2017 alone. The company is renowned across the world for its line of affordable cars which by far make up the largest share of the company's revenue. However, Âge is also known for its motorsporting pedigree, with the company being involved in a number of competitions worldwide such as the Formula A World Championship, World Rally Championship and 24 Hours of Le Bar.
The company was founded by Patrice Âge in 1904 following the Great War. Patrice had previously held success as a small time manufacturer of tractors and other farming vehicles before the war, however had sold his company to the government as part of its wartime purchase program. Using scrap materials left over from the conflict, Âge began to develop "horseless carriages" based on models which had previously taken hold in Vestrim. Although small in production, Âge was able to attract a number of investors and significant government backing through the post-war reconstruction effort. By the 1920s Âge had become the largest automotive manufacturer in the country and continued to grow throughout subsequent decades. Nevertheless, the company underwent significant decline during the 1960s and nearly went bankrupt in 1965. The company was able to recover significantly following the economic deregulation of the 1970s and 80s, acquiring a number of failed Midrasian automotive manufacturers along the way.
Today the company continues to produce cars which makes up the largest sector of production. Cars produced by the company are generally split between road (or affordable) cars, luxury cars and sports cars. Âge also produces motorcycles, buses, trucks and military vehicles in cooperation with government owned IMM Systems. As of 2016, Âge employs around 632,000 people globally and holds production operations across Commonwealth of Democratic Nations common market. The current CEO is Émeric Fouché who has held the position since 2010. The current Chairman is Nicolas Âge, grandson to company founder Patrice. Although a publicly traded company, the Âge family continues to hold a controlling stake at 35%.
History
Vehicles
The current model lines of Âge automobiles are:
The A Class is the entry level to Âge's current model range. The class is composed of A-segment mini-cars. The A Class has become a considerable niche within Asuran markets in recent years due to their cheap price relative to other car classes. Cars in class A are available in 3 or 5-door configurations.
The B Class is composed of Âge's range of B-segment superminis. The class is generally more spacious than Class-A, though it is a significant step up in price.
The C Class is composed of Âge's range of C-segment small cars. The C class is generally aimed at customers looking for more space, or small families.
The D Class is composed of Âge's range of sedan and medium sized cars. The class provides a selection between affordability and luxury. The class is generally aimed at families and higher earners. The D class is considerably popular in overseas markets
The E Class is composed of Âge's range of people carriers, crossovers and mini SUVs.
The Sport Class is composed of Âge's range of sports vehicles. These range from tuned versions of existing models to luxury sports cars.