Automobile Craiova

Automobile Craiova is a Romanian car manufacturer located in Craiova, Romania. It is owned by Ford Motor Company. Automobile Craiova was founded in 1976 as OLTCIT joint venture company between the Romanian government (64%) and Citroën (36%). The factory produced cars under the Oltcit and Citroën brands for the domestic and external markets. In 1991, as a result of the withdraw of Citroën from the joint venture, the name of the company was changed to Automobile Craiova and production continued under the Oltena brand. In 1994, the company decided to go into partnership (49%-51%) with Korean company Daewoo Heavy Industries (later Daewoo Motors) as Rodae Automobile. After producing the Oltcit between 1981–1996 (starting 1992 rebadged as...