Fleet News

Ford buys Romanian factory

Ford has signed an agreement with the Romanian government for the purchase of the Craiova manufacturing plant.

Craiova is set to produce more than 300,000 vehicles a year after a E675m cash injection from the group.

Ford will pay Romania €57m for a 72.4% stake in the plant.

John Fleming, president and CEO at Ford of Europe, said: “We will work to transform the plant into an industry benchmark for vehicle manufacturing in Central Europe.”

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