Rodae
Rodae was a joint venture between S.C. Automobile Craiova S.A. and Daewoo Heavy Industries that started in 1994.
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.
In 2008, it was sold to Ford of Europe, a division of Ford Motor Company.