RODAERomanian Daewoo
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In Romania, Daewoo invested more than pounds 490million in Rodae, a joint venture with the local Automobile Craiova car maker, purchasing assembly lines and building an engine plant.
Rodae builds the Daewoo Cielo (Nexia) car and has an annual capacity of 100,000 units.
Sales in Romania have slumped dramatically over the past year, in line with the falling purchasing power of Romanians, and Rodae is now eyeing new markets for exports.