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.
Romanian far-right leaders George Simion (AUR) and Anamaria Gavrilă (POT) have announced their candidacies for Romania’s 2025 presidential election following the invalidation of Călin Georgescu’s bid. The two politicians stated that only one of them would remain in the race after their candidacies are officially validated. Simion, the leader...
The Education Ministry has established a partnership with the National Audiovisual Council (CNA) to draft a guide on combating illegal content online, part of a series of measures aimed at tackling pseudoscience and manipulation, the institution announced. The guide is meant to be shared with and discussed in schools and universities in the country. "We […]
Soprano Angela Gheorghiu, one of the brightest stars of the international opera scene, is celebrating 35 years of excellence in music with a grand anniversary concert on September 7 at Arenele Romane in Bucharest. Tickets have been put up for sale online. The concert will feature an exceptional lineup of performers, including tenor Jonathan Tetelman, […]
Despite a climate of economic and political uncertainty, Romania's land market remained stable in 2024, with transaction volumes reaching nearly EUR 450 million, a figure close to 2023's total. Colliers' annual report reveals that Bucharest and its metropolitan area continued to dominate, accounting for 80% of total transactions, while residential projects made up 70% of […]
February has been an active month for Romania's fiscal and economic landscape, with significant announcements and regulatory updates that businesses, particularly those in public affairs and legal departments, should closely follow. IMF and World Bank: Stability, Not Austerity Finance Minister Tánczos Barna provided reassuring news following meetings with IMF and World Bank representatives. Contrary to […]
Rural buyers fuel growth through progressive adoption Over 60% of customers have more than 5 years of experience in online shopping Beauty, Fashion, Footwear, Pharma, and Electronics are the most popular categories €857 is the average annual spending of an online customer MerchantPro launches...
