Company:Rodae

From HandWiki
Short description: Automobile manufacturer (1994–2008)
RODAE Automobile Craiova S.A.
TypeJoint venture
IndustryAutomotive industry
FateChange of ownership
PredecessorOltena
SuccessorFord Romania
Founded1994
Defunct2008
Headquarters
Craiova
,
Romania
ProductsAutomobiles
OwnerDaewoo 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, which was established in 1994.[1]

History

In November 1994, Daewoo opens 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, the company becoming 100% owned by the Romanian state.[2] In 2008, it was sold to Ford of Europe, a division of Ford Motor Company.[3]

Models

References

External links