The agreement whereby Ford Otosan, Europe’s largest commercial vehicle manufacturer, takes ownership of Ford’s Craiova plant has been successfully completed. With this agreement, Ford has transferred ownership of its Craiova plant, which produces vehicles and engines, to Ford Otosan, allowing the company to expand its operations internationally. This year, on 14 March, Ford announced that the Craiova plant will produce the new generation of the Courier model, both the Transit (freight) and Tourneo (passenger) variants, which will enter production in 2023, with an all-electric version from 2024. The Ford Puma, Ford’s best-selling passenger car in Europe, will also benefit from a fully electric version in 2024, to be produced at the Romanian plant. To support the launch of the next generation Courier, Ford Otosan today announces an EUR 490 million investment at its Craiova plant, to be implemented over the next three years. This will increase the total production capacity of the Craiova plant from 250,000 vehicles/year to 272,000 vehicles/year. Ford Otosan’s Craiova plant plays a key role in Ford’s electrification plans in Europe, and with this acquisition, the Romanian plant will benefit from Ford Otosan’s extensive experience and expertise in electrification, commercial vehicle design, engineering and manufacturing. Ford Otosan’s expertise and know-how in electrification, as seen in the recently launched flagship E-Transit model, will also be reflected in the electric vehicles that the company will produce in its Craiova plant. Ford also announces that, in the context of the transfer of ownership in Craiova, a new company – Ford Romania Services SRL – has been created to integrate the sales and marketing activities of Ford in Romania (National Sales Company), headed by Roxana Capata and Ford Business Solutions Center (FBS), headed by Dieter Rogmann. In addition, some additional European functions, such as Purchasing and Accounting Services, which operate from Craiova, will operate within Ford Romania Services.
Primark announced plans to open its fourth store in Romania in 2025, in Cluj-Napoca. This will be the fashion retailer’s first location in the northwest region of the country. The new store will cover 3,700 square meters across two floors in Vivo! Shopping Center. Maciej Podwojski, Head of CEE at Primark, said: “It’s an exciting […]
American singer Jason Derulo will headline the VIBE Festival in Targu Mures, which will take place July 4-7, according to the organizers. Dubfire, Traumer, Alan Fitzpatrick, and many other international stars will also be on stage. The festival, now at its sixth edition, will take place on the banks of the Mures River and will […]
Freedom. Memories 1954-2021, the long-awaited memoirs covering the personal and public career of Germany’s former chancellor, Angela Merkel, is to be published in more than 30 countries on November 26, including in Romania. Cora Radulian signs the translation from German. According to local publishing house Litera, the 700-page book is already available for pre-order online, on […]
Romania’s annual inflation rate eased to 5.9% in April from 6.6% the month before and 7.2% in February, according to the official report released by the statistics institute INS on Tuesday, May 14. According to Biziday.ro,...
Photon Energy, a group of companies providing solar energy, clean water solutions, and environmental remediation worldwide, announced it secured a loan to finance its portfolio of photovoltaic parks in Romania. The loan, totaling EUR 15 million, represents the group's second project financing for European photovoltaic solar energy assets operating on a free market basis, selling […]
Turkish-Spanish car parts supplier Gestamp announced the opening of a new factory in Darmanesti, Arges county, where 200 will be employed. The investment is conducted by the Turkish-Spanish international company Beyçelik Gestamp. The factory will produce components for the Romanian car producers Dacia and Ford Otosan,
