Ford Romania Must Step Up Production To Avoid Penalties

Ford Romania must increase total production to over 250,000 cars by 2011, or it could pay penalties to the state of up to a quarter of the EUR57 million price paid for Automobile Craiova.Ford Motor Co. bought the Romanian auto assembly plant back in 2007. Under the deal, the US carmaker pledged to pay the authorities up to 25% of the purchase price unless it steps up production to over a quarter million units within four years since the privatization. The penalty drops to 10% of ...

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