Company:Rodae
From HandWiki
Short description: Automobile manufacturer (1994–2008)
 | |
| Type | Joint venture |
|---|---|
| Industry | Automotive industry |
| Fate | Change of ownership |
| Predecessor | Oltena |
| Successor | Ford Romania |
| Founded | 1994 |
| Defunct | 2008 |
| Headquarters | Craiova , Romania |
| Products | Automobiles |
| Owner | Daewoo Heavy Industries (51%) S.C. Automobile Craiova S.A. (49%) |
Rodae (officially RODAE Automobile Craiova S.A., and later Daewoo Automobile Romania S.A.) was a joint venture between S.C. Automobile Craiova S.A. and Daewoo Heavy Industries that started in 1994.[1]
History
In November 1994, Daewoo opened a production line in Romania, becoming the country's most important foreign investor, by establishing a joint venture, created by Automobile Craiova and the South Korean Daewoo group.
In 2006, Daewoo Automobile Craiova S.A. bought back 51% of the shares owned by the Korean company, which became 100% owned by the Romanian state.[2]
In 2008, it was sold to Ford of Europe, a division of Ford Motor Company.[3]
Models
- Rodae Club (1994–1996)
- Rodae Club 12 CS (1994–1995)
- Daewoo Cielo (1996–2007)
- Daewoo Espero (1996–2002)
- Daewoo Tico (1998–2002)
- Daewoo Leganza (1998–2002)
- Daewoo Nubira (1998–2008)
- Daewoo Matiz (1999–2008)
- Daewoo Tacuma (2002–2007)
References
- ↑ "Oltcit". http://www.automobileromanesti.ro/index.php?categ=Oltcit.
- ↑ "Daewoo Romania a revenit in proprietatea statului roman". https://ziare.com/stiri/contracte/daewoo-romania-a-revenit-in-proprietatea-statului-roman-44518.
- ↑ "Ford a cumparat Daewoo Craiova". 15 September 2007. https://paginiromanesti.ca/2007/09/15/ford-a-cumparat-daewoo-craiova/.
External links
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