277:
25:
224:
175:
In the case of the Aco Group, a financial crisis emerged as motor vehicle sales plummeted. By 1993, the Aco Group was forced into reorganization and a restructuring of the entire group. This led to Harry Mannil becoming the largest shareholder, at 24% of common shares. Efforts to recover financially
167:
A significant contributor to the success of the Grupo Aco was the innovative introduction in
Venezuela of in-house auto sale financing using a captive finance company. Whereas Grupo Aco had equity stakes in a great number of companies, the balance of ownership of many of these companies was held by
131:
for an umbrella organization of over eighty companies engaged in a wide variety of industries throughout
Venezuela predominantly in the automotive industry. It is best known for the sale, servicing and leasing of automobiles nationally.
168:
Grupo Aco shareholders. As a result, Grupo Aco commanded a larger market share than would be suggested only by its totally owned companies. It attained US $ 900 million in sales during 1973 and ranked as the most profitable
176:
were overwhelmed by continuous declines in the nation's private sector economy. Aco, S.A. was splintered into several groups, with a substantial number of auto dealerships taken under direct ownership by Harry Mannil.
172:
company in the nation that year. Changes in
Venezuela's economy and political environment during the early 1980s caused a downturn for many large businesses in Venezuela.
261:
347:
342:
148:
Aluminum Corp. (majority shareholder), the Juan Simon
Mendoza family (Polar Group), the Tamayo family (largest Venezuelan liquor distributor
318:
254:
205:
352:
89:
61:
247:
108:
68:
337:
46:
75:
311:
57:
42:
152:), and other prominent Venezuelan investors. The company emerged in the 1970s as the world's largest
357:
304:
35:
195:
8:
157:
82:
201:
292:
235:
128:
141:
288:
231:
169:
331:
164:
dealership in South
America, according to the Ford Motors Company (USA).
16:
Venezuelan holding company predominantly active in the automotive industry
161:
230:
This article about an automotive industry corporation or company is a
284:
125:
276:
24:
153:
223:
145:
197:
The magical state: nature, money, and modernity in
Venezuela
140:
ACO was founded in 1951 by Arnold Orav, Chairman along with
144:, President & CEO, and with the financial backing of
49:. Unsourced material may be challenged and removed.
329:
312:
255:
319:
305:
262:
248:
160:in Venezuela. It also became the largest
109:Learn how and when to remove this message
348:Venezuelan companies established in 1951
193:
330:
343:Holding companies established in 1951
271:
218:
47:adding citations to reliable sources
18:
13:
14:
369:
275:
222:
23:
200:. University of Chicago Press.
187:
34:needs additional citations for
1:
179:
156:dealership as the dealer for
291:. You can help Knowledge by
234:. You can help Knowledge by
7:
353:Motor vehicle company stubs
10:
374:
270:
217:
194:Coronil, Fernando (1997).
135:
338:Companies of Venezuela
287:-related article is a
43:improve this article
158:John Deere Tractors
300:
299:
243:
242:
207:978-0-226-11602-0
119:
118:
111:
93:
365:
321:
314:
307:
279:
272:
264:
257:
250:
226:
219:
211:
114:
107:
103:
100:
94:
92:
51:
27:
19:
373:
372:
368:
367:
366:
364:
363:
362:
358:Venezuela stubs
328:
327:
326:
325:
269:
268:
215:
208:
190:
184:
182:
138:
129:holding company
115:
104:
98:
95:
52:
50:
40:
28:
17:
12:
11:
5:
371:
361:
360:
355:
350:
345:
340:
324:
323:
316:
309:
301:
298:
297:
280:
267:
266:
259:
252:
244:
241:
240:
227:
213:
212:
206:
189:
186:
181:
178:
170:private sector
137:
134:
117:
116:
31:
29:
22:
15:
9:
6:
4:
3:
2:
370:
359:
356:
354:
351:
349:
346:
344:
341:
339:
336:
335:
333:
322:
317:
315:
310:
308:
303:
302:
296:
294:
290:
286:
281:
278:
274:
273:
265:
260:
258:
253:
251:
246:
245:
239:
237:
233:
228:
225:
221:
220:
216:
209:
203:
199:
198:
192:
191:
185:
177:
173:
171:
165:
163:
159:
155:
151:
147:
143:
133:
130:
127:
123:
113:
110:
102:
91:
88:
84:
81:
77:
74:
70:
67:
63:
60: –
59:
55:
54:Find sources:
48:
44:
38:
37:
32:This article
30:
26:
21:
20:
293:expanding it
282:
236:expanding it
229:
214:
196:
188:Bibliography
183:
174:
166:
149:
142:Harry Männil
139:
121:
120:
105:
99:January 2009
96:
86:
79:
72:
65:
53:
41:Please help
36:verification
33:
58:"ACO, C.A."
332:Categories
180:References
162:automobile
126:Venezuelan
69:newspapers
285:Venezuela
122:ACO, C.A.
154:tractor
136:History
83:scholar
204:
150:et al.
85:
78:
71:
64:
56:
283:This
146:Alcoa
124:is a
90:JSTOR
76:books
289:stub
232:stub
202:ISBN
62:news
45:by
334::
320:e
313:t
306:v
295:.
263:e
256:t
249:v
238:.
210:.
112:)
106:(
101:)
97:(
87:·
80:·
73:·
66:·
39:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
