EIB CONFIRMS FINANCING FOR FORD’S ROMANIA PLANT
January 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has now approved a Euro 400 million loan to Ford Romania to help it expand and modernise its Craiova assembly plant, tooling it for building a small car model. Ford is already assembling Transit Connect vans at Craiova, and production is expected to increase this year thanks to the expansion. The loan - 80% guaranteed by the Romanian government - will also help Ford build new small, advanced-technology petrol engines with low fuel consumption at Craiova. An EIB note said once the expansion is completed, annual ...
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