Oltcit

The Oltcit , pronounced or, is a Rumanian car manufactured with Craiova, developed in co-operation with Citroen in France in the Eighties. It is small a Berline with back Hayon of three doors, based on the prototype Y . This vehicle was studied by Citroen to replace the Ami before Peugeot made the decision to produce the Citroen Visa derived from the 104.

Oltcit was sold between 1978 et 1988 . It was also sold in Western Europe as a Citroen Axel. The name of the car comes from the name of the river and the county of Olt in Romania, with “CIT” which comes from the abbreviation of Citroen .

The logo of Oltcit is very similar to that of Citroen but counts one rafter and not two.

After Oltcit

After Oltcit , the site of Craiova tied a partnership with the Korean firm Daewoo. In 1994, it is renamed Daewoo Automobile Romania'; in 1996 the manufacture of the Tico, Cielo and Espero are launched. The following year, a new factory of mechanics (engines and transmissions) starts production. In 2001, the Matiz and the Nubira II follow.

But it is the Chaebol Daewoo which is shaken, from where the resumption of Daewoo Motor by General Motors in 2002. The factory remained decayed and devoted to the local market.

In 2006, the Rumanian government repurchased the site; it acquired 72,4% of the capital for 60 million dollars. Ford is the only group to have presented its candidature for its recovery in July 2007.