Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

Ford, GM, Russian firm bid for Romanian Daewoo

Featured Replies

Romania received three non-binding offers in the sale of a majority stake in carmaker Daewoo Automobile Craiova, the privatisation commission said on Thursday.

The new European Union member's centrist government had previously said it hopes to wrap up the sale of 72.4 percent in Daewoo by the summer, after it bought back the majority stake in the company from its bankrupt owner late in 2006.

Link: http://www.reuters.com/article/tnBasicIndu...269681920070426

Edited by Pontiac Custom-S

If GM gets a hand on it, will it be #1 again?

Craiova is the company which owns Daewoo Romania. It is not exactly the same company. The Russian company is JSC Russian Machines (ОАО "Russkie Mashiniy"), the subsidiary of private equity firm Basic Element which owns the various machinery-manufacturing investments, including automotive holding company GAZ Group (automobiles, trucks, buses, commercial vehicles, construction equipment engines etc.), aircraft company Aviacor Aviation, and railcar and container producer Abakanwagonmash.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Who's Online (See full list)

  • There are no registered users currently online

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.