Rodae (officially ''RODAE Automobile Craiova S.A.'', and later ''Daewoo Automobile Romania S.A.'') was a
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
between
S.C. Automobile Craiova S.A.
Oltena (officially ''S.C. Automobile Craiova S.A.'') was a Romanian car manufacturer formed in 1991 after the takeover of the Oltcit shares held by Citroën by the Romanian state. From 1994 and up until 2006, ''Automobile Craiova S.A.'' (''ACSA' ...
and
Daewoo Heavy Industries that started in 1994.
History
In November 1994,
Daewoo opened a production line in
Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...
, 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
Romanian may refer to:
*anything of, from, or related to the country and nation of Romania
**Romanians, an ethnic group
**Romanian language, a Romance language
***Romanian dialects, variants of the Romanian language
**Romanian cuisine, traditional ...
state.
In 2008, it was sold to
Ford of Europe
Ford of Europe GmbH is a subsidiary company of Ford Motor Company founded in 1967 in Cork (city), Cork, Republic of Ireland, Ireland, with headquarters in Cologne, Germany.
History
Ford of Europe was founded in 1967 by the merger of Ford of Bri ...
, a division of
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
.
Models
*
Rodae Club (1994–1996)
*
Rodae Club 12 CS (1994–1995)
*
Daewoo Cielo (1996–2007)
*
Daewoo Espero
The Daewoo Espero (also known as Daewoo Aranos in Spain) is a four-door, five-seater mid-sized saloon produced by the South Korean company Daewoo Motors from September 1990 to 1997. The Espero was the first car entirely developed by Daewoo, wh ...
(1996–2002)
*
Daewoo Tico
The Daewoo Tico is a city car produced by the South Korean automaker Daewoo from 1991 to 2001.
Overview
The Daewoo Tico was based largely on the 1988 Kei car Suzuki Alto. The car was equipped with a three-cylinder 796 cc S-TEC engine -up ...
(1998–2002)
*
Daewoo Leganza (1998–2002)
*
Daewoo Nubira
Daewoo Nubira is a compact car which was produced by the South Korean automaker Daewoo from 1997 to 2002 as a 4-door sedan, 5-door hatchback and a 5-door station wagon.
Development
The Daewoo Nubira (J100 platform) was released in 1997 refle ...
(1998–2008)
*
Daewoo Matiz
Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerat ...
(1999–2008)
*
Daewoo Tacuma
The Daewoo Tacuma (or Rezzo) is a compact MPV that was produced by South Korean manufacturer Daewoo. Developed under the U100 code name, it was designed by Pininfarina and is based on the original Daewoo Nubira J100, a compact car.
Following the p ...
(2002–2007)
References
External links
{{Auto-corp-stub
1994 establishments in Romania
2008 disestablishments in Romania
Joint ventures