Tatra is a Czech manufacturer producing vehicles in Kopřivnice, it is owned by Tatra Trucks company, based in Ostrava. It is the third oldest company producing cars and has an unbroken history after Daimler and Peugeot. The company was founded in 1850 as Ignatz Schustala & Comp., later renamed Nesselsdorfer Wagenbau-Fabriksgesellschaft when it became a wagon and carriage manufacturer. In 1897, Tatra produced the first motor car in central Europe, the Präsident automobile.