SNVI

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SNVI (Arabic: المؤسسة الوطنية للعربات الصناعية; French: Société Nationale des Véhicules Industriels), formerly the National Society of Mechanical Construction (SONACOME, الشركة الوطنية للهندسة الميكانيك), is an Algerian automaker headquartered in Rouïba that has produced trucks and buses since 1967. The public company also manufactures Mercedes-Benz vehicles. The origins of the company dates back to the colonial era. On June 2, 1957, the French company Berliet established an assembly plant in Algeria to manufacture trucks and buses. The first vehicle assembled in Algeria rolled off the production line on October 15, 1958. the state took a 40% stake in the company in 1964 via the National Development Fund. Sonacome (Arabic: الشركة الوطنية للهندسة الميكانيك; French: Société Nationale de Construction Mecanique) was founded by the Algerian government on August 9, 1967, through ordonnance 67-150. It inherited colonial Berliet factories and equipment after the latter ceased operations in 1973. In 1980, Sonacome's M210 was the winner of the second edition of the Paris-Dakar rally. In May 1995, SNVI changed its legal status to become a public economic company governed by common law; SNVI was then set up as a joint-stock company (SPA) with a share capital of 2.2 billion Dinars. Although the Algerian government tried numerous times to save the company by injecting money into it, It came close to going bankrupt multiple times.