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.
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
The residential market had a strong start in 2024, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, the increase was slightly higher - 19%. According to Colliers consultants, buying […]
Siemens Healthineers, the medical technology branch of the German multinational, recently launched its newest MRI scanner, the MAGNETOM Flow, during an event held in Bucharest on April 24. Featured in one of the panels during the event, Sonja Wehsely, executive vice president CEECA Siemens Healthineers, highlighted the strengths of the new scanner. Wehsely, who has […]
The Romanian General Prosecutor's Office officially announced the indictment of former president Ion Iliescu, former prime minister Petre Roman, and former deputy prime minister Gelu-Voican Voiculescu for crimes against humanity, in the case of the Mineriada (miners' riot) of June 1990. Along with the three, the former director of the Romanian Intelligence Service (SRI), Virgil […]
Uber launched its Green service in the popular mountain city of Brașov, in central Romania, on April 25, with a fleet of environmentally friendly vehicles such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. Previously, the Uber Green option was made available to residents and tourists of Cluj-Napoca in November 2023. “We […]
