Rodae Explained

RODAE Automobile Craiova S.A.
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.^[1]

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)

References

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