Rodae
Automobile manufacturer (1994–2008)
From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Joint venture |
|---|---|
| Industry | Automotive industry |
| Predecessor | Oltena |
| Founded | 1994 |
| Defunct | 2008 |
| Fate | Change of ownership |
| Successor | Ford Romania |
| Headquarters | , |
| Products | Automobiles |
| Owner | Daewoo Heavy Industries (51%) S.C. Automobile Craiova S.A. (49%) |
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)
