July 9, 2007
Ford submits bid to purchase auto assembly plant in Romania
Toyota Hybrid Tour. Click image to enlarge
Bucharest, Romania – The Ford Motor Company has submitted a bid to purchase the Automobile Craiova assembly plant in Bucharest, Romania. The bid was formally opened by the Privatization Commission at an event in the city on the weekend.
Ford says it believes the facility is a strategically important site for the company’s future growth. Ford of Europe produced 1.86 million units at seven assembly plants in 2006, and needs additional manufacturing space to meet new product and growth plans. The company says that if the bid is successful, it will expand and improve the facility.
“For more than two years, we have maintained a strong level of interest in the Automobile Craiova facility,” says Lyle Watters, Ford of Europe’s Director for Business Strategy. “We have visited the plant on several occasions and met with management and union leaders. Now, we are very excited to arrive at the point where we can share our long-term strategic plan with the Privatization Committee. Our goal is to provide the people of Romania with exciting, locally-produced and high-quality Ford vehicles, as well as to develop a significant export market for those vehicles that will contribute positively to the Romanian economy.”