April 27, 2024

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Ford has spent $2bn on Craiova plant

Ford has spent $2bn on Craiova plant
Ford Romania plant was once owned by Daewoo

Ford investments in the Craiova assembly plant in Romania given that 2009 complete US$2bn (EUR1.77bn), the business reported.

The automaker, which has produced 1 m cars at the previous Daewoo manufacturing facility, reconfirmed its motivation to make investments $300m to construct a new light professional vehicle in Romania starting in 2023, together with a fully electrical edition a calendar year later, it reported in a press release cited by SeeNews.com.

Ford announced the financial investment previous April.

“By introducing a new all-electrical vehicle in Craiova in 2024, Ford is sending a obvious signal that it remains fully dedicated to giving its professional vehicle customers in Europe a zero-emission upcoming,” the business reported.

Ford included that it has dedicated to enabling its comprehensive assortment of zero-emission, all-electrical or plug-in hybrid professional cars by 2024 and that it is believed that two-thirds of Ford’s professional vehicle profits will be all-electrical or plug-in. -in hybrid, till 2030.

More than 600 robots have been set up in the manufacturing facility to improve and streamline the processes of stamping, painting or assembling bodies and chassis, the business also reported.

Ford entered Romania in March 2008 when it completed the acquisition of a 72.4% stake in Auto Craiova, the sole operator of motor vehicle maker and distributor Daewoo Auto Romania.

The car producer is producing the Puma and EcoSport versions, as well as the EcoBoost 1. l motor in Romania, utilizing in excess of 6,000 people today, SeeNews.com pointed out.