Rodae

Automobile manufacturer (1994–2008)

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RODAE Automobile Craiova S.A.

Company type| Joint venture
Industry| Automotive industry
Predecessor| Oltena
Founded| 1994
Defunct| 2008
Fate| Change of ownership
Successor| Ford Romania
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

[edit]

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

[edit]

* 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

[edit]

1. ^ "Oltcit". automobileromanesti.ro. Retrieved July 23, 2022.
2. ^ "Daewoo Romania a revenit in proprietatea statului roman". ziare.com. Retrieved July 23, 2022.
3. ^ "Ford a cumparat Daewoo Craiova". paginiromanesti.ca. 15 September 2007. Retrieved July 23, 2022.

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