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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%) |
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]
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]
ZAZ or Zaporizhzhia Automobile Building Plant is the main automobile manufacturer of Ukraine, based in the south-eastern city of Zaporizhzhia. It also produces buses and trucks and is known for its former parent company's name, AvtoZAZ.
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The Oltcit Club was a supermini produced between 1981 and 1991 and developed in co-operation by Citroën of France and Oltcit, a joint venture company with the Romanian government.
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