The Economy of Romania
Dacia, Ford and the Car Industry
Renault's Dacia and Ford's Craiova plant make Romania a major car and auto parts producer, and a large share of exports.
The industrial flagship.
Dacia
Renault bought Dacia in 1999, turning it into a successful budget brand.
Ford
Ford bought the Craiova plant in 2008, and later a Turkish firm took a stake.
Parts
Many suppliers built plants near the assembly lines.
Risk
Dependence on the auto industry leaves Romania exposed to European demand.
A budget car
A family in Western Europe buys a low-cost Dacia built in Mioveni.
Ignoring the risk of concentration
Car sales swing.
Key takeaways
- Dacia is a success story.
- Ford has a plant in Craiova.
- Suppliers cluster nearby.
- Dependence is a risk.
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