Rodae
{{Short description|Automobile manufacturer (1994–2008)}}
{{More citations needed|date=July 2022}}
{{Infobox company
| name = RODAE Automobile Craiova S.A.
| logo = Logo der Rodae Automobile.png
| type = Joint venture
| industry = Automotive industry
| predecessor = Oltena
| founded = 1994
| defunct = 2008
| fate = Change of ownership
| successor = Ford Romania
| hq_location_city = Craiova
| hq_location_country = 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.{{cite web|url=https://www.automobileromanesti.ro/index.php?categ=Oltcit|title=Oltcit|website=automobileromanesti.ro|access-date=July 23, 2022}}
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.{{cite web|url=https://ziare.com/stiri/contracte/daewoo-romania-a-revenit-in-proprietatea-statului-roman-44518|title=Daewoo Romania a revenit in proprietatea statului roman|website=ziare.com|access-date=July 23, 2022}}
In 2008, it was sold to Ford of Europe, a division of Ford Motor Company.{{cite web|url=https://paginiromanesti.ca/2007/09/15/ford-a-cumparat-daewoo-craiova/|title=Ford a cumparat Daewoo Craiova|website=paginiromanesti.ca|date=15 September 2007 |access-date=July 23, 2022}}
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
External links
{{Romania-company-stub}}
{{Auto-corp-stub}}
Category:1994 establishments in Romania