Tuesday, 17 July 2007

Ford Says It May Invest $931 Million to Modernize Its Car Plant in Romania

(Bloomberg) -- Ford Motor Co., the world's third-
largest carmaker, plans to invest 675 million euros ($931
million) to upgrade and modernize a Romanian automotive factory
if the company succeeds in buying the plant.

Ford aims to boost annual production at the factory to
300,000 vehicles and 300,000 engines, Cologne, Germany-based Ford
of Europe said in a statement on its Web site. The plant last
year built 24,000 cars and 116,000 engines.


Read more at Bloomberg Emerging Markets News

No comments: