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Ford Motor Company plans to purchase
Romanian auto assembly plant
Ford Motor Company's bid for the
Automobile Craiova assembly plant in Romania has been handed
over to the Romanian Authority for State Assets Recovery,
meeting the July 5 deadline for bid submissions. The bid was
formally opened by the Privatisation Commission at an event in
Ford's Plant in St. Petersburg, Russia
"We are pleased to confirm that we have
submitted our bid to purchase the Romanian auto plant in Craiova," said
Ford of Europe President and CEO John Fleming. "Although it is too early
to discuss specifics of our proposal, we believe it offers the best
combination of financial, technological and environmental commitments
under which Ford would turn the Craiova facility into a highly
innovative world-class manufacturing complex with significant employment
At today's bid opening event in Bucharest, Lyle
Watters, Ford of Europe's Director for Business Strategy said: " For
more than two years, we have maintained a strong level of interest in
the Automobile Craiova facility. 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," Watters added.
Ford believes the facility in Craiova 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
additional manufacturing space is needed to meet its ambitious new
product and growth plans.
"If we are successful in our bid, we would
expect to expand and improve the Craiova manufacturing operations,
increase employment and attract additional suppliers to the area," said
Success for Ford would also allow the company
to become an integral member of the Romanian community.
"We see it as our corporate responsibility to
make a positive contribution to life in the communities where we
operate," said Fleming. "We have demonstrated this already in countries
as diverse as Germany, Britain, Belgium, Turkey, Russia and Spain,
proving that Ford not only builds great vehicles but also is a good
neighbour and committed corporate citizen."
July 6, 2007