 In November 1992, IMZ-Ural transformed into an open-end joint stock company "Uralmoto Joint Stock Company" a privatized entity owned 40% by management and employees through grant, 38% by auction with privatization vouchers (mostly management and employees also) and 22% retained by the government.In July 2000, the company was re-organised with the government's shares being redistributed to investors.At the beginning of 1998 the business was bought by private Russian interests and it is no longer a State Company.