The Economy

Ford Plans 'One Of Europe's Biggest Car Plants' In Romania

July 16, 2007

Will build 300,000 vehicles at refurbished plant

By upgrading a factory that once belonged to the South Korean group Daewoo, Ford said on July 16 it planned to build one of the biggest car plants in Europe in Romania Ford's European director John Fleming was quoted as telling Prime Minister Calin Tariceanu that the company was committed to building 300,000 vehicles and 300,000 engines per year at the plant in the southern town of Craiova from 2011. This would make it "one of the biggest car plants in Europe," the group said.

Ford plans to invest $930 million to upgrade the factory which in 2006 under its former owners made 24,000 cars and 116,000 engines. Fleming said Ford would double the number of employees at the plant to between 7,000 and 9,000.

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