| Founded | 2001 |
|---|---|
| Founders | Helmuth Schuster John Johannsen |
| Defunct | c. 2005 |
| Headquarters | |
| Parent | Volkswagen Group |
Ancar (Ancar Automóveis de Angola, SA)[1] was a private company in Angola founded in 2001 to create a joint venture[clarification needed] with Škoda Auto and to establish a car assembly line in Angola. Ancar was regarded as the front company of Ancar World Wide Investments Holding, a company with dubious[how?] financial European capital, that was registered in the USA. Ancar Angola no longer exists and the project was ceased in both Angola and Germany. There were serious corruption allegations against company executives.