ROMANIAN GOVERNMENT SUBSIDY FOR FORD CRAIOVA PLANT APPROVED BY EUROPEAN COMMISSION
April 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the payment of Euro 143 million in subsidies from the Romanian government to Ford, to help turn around the Craiova vehicle manufacturing complex, which it took over in March. The decision is the latest in a bumpy ride for Ford, which in February saw the Commission demand it effectively hand over an additional Euro 27 million for its plants, which it had secured for Euro 57 million. Brussels found that the price had been lowered after the Romanian government had demanded the retention of Craiova's 3,900-strong ...
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