ROMANIAN GOVERNMENT SUBSIDY FOR FORD CRAIOVA PLANT APPROVED BY EUROPEAN COMMISSION
May 1st, 2008
BY KEITH NUTHALL
A NEW and potentially well-priced source of Ford models has emerged, the European Commission approving the payment of Euro 143 million in subsidies from the Romanian government to help the multinational turn around the formerly state-owned Craiova vehicle manufacturing complex. Ford took it over in March, and the subsidy decision means it can proceed with extensive retooling plans.
ENDS
A NEW and potentially well-priced source of Ford models has emerged, the European Commission approving the payment of Euro 143 million in subsidies from the Romanian government to help the multinational turn around the formerly state-owned Craiova vehicle manufacturing complex. Ford took it over in March, and the subsidy decision means it can proceed with extensive retooling plans.
ENDS
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