Oltcit
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Oltcit S.A. (Romanian: [oltˈsit]) was an automobile manufacturer, established as a joint venture between the Romanian government (64%) and Citroën (36%).[1] Their main products were the Oltcit Club and Citroën Axel hatchbacks, assembled in Craiova, Romania.
In 1991, as a result of the withdrawal of Citroën from the joint venture, the name of the company was changed to Automobile Craiova and production continued under the Oltena brand.[2][3]
In 1994, the company decided to go into partnership (49%-51%) with Korean company Daewoo Heavy Industries and Rodae Automobile was established, later renamed to Daewoo Automobile Romania.
In 2008, Ford of Europe, a division of Ford Motor Company, took over the former Oltcit/Daewoo factory, which became known as Ford Romania.[4]
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