Ford to invest $224.28 million to build SUV in RomaniaStaff writer ▼ | March 22, 2016
Ford Motor will invest up to $224.28 million to build its smaller sport utility vehicle EcoSport at its Romanian unit Automobile Craiova, Ford Europe CEO Jim Farley said.
Auto industry Ford took over the Romanian carmaker Automobile Craiova
Ford will start producing the vehicle from autumn of 2017, Farley told reporters on a visit to the plant in southern Romania.
"As of that date, Craiova will become the only production source for the EcoSport model sold in Europe except Russia," he said.
He said that the U.S. company expects to keep its current staff levels in Romania. Farley added that he expected Ford sales to rise above 200,000 SUVs in Europe this year, a more than 30 percent rise on the year. ■