18:33, 9.09.2008 Romaniaas Fin Ministry To Give Ford EUR143M State Aid For Craiova Plant

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BUCHAREST / 18:33, 9.09.2008 Romaniaa€™s Economy and Finance Ministry will give Ford Motor Co.

(F) a state aid worth EUR143 million between 2008-2012, of which EUR17.5 million this year, if the group will carry its programmed investments worth EUR145 million at Daewoo Automobile Craiova this year.The EUR143 million state aid was authorized in April by the European Commission. The investment aims at enlarging and upgrading two plants acquired by Ford for vehicle and engines production.According...

Read the whole story in: Mediafax