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Article: Ford launches new van production in Romania
- Article from:
- AP Worldstream
- Article date:
- September 8, 2009
- Author:
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Ford Motor Co. launched the production of its new compact van at a factory in southern Romania on Tuesday _ a rare piece of good news for Romania's struggling automobile industry and its moribund economy.
The Transit Connect, a compact van, will sell for ⁈ to ⁈ ($20,000 to $22,000) in Romania and the United States. Ford said it had sold 600,000 so far worldwide.
Romania is mired in recession and needed a $17.1 billion bailout from the International Monetary Fund. Two years ago, Ford took over the country's state automaker.
Ford of Europe President John Fleming and U.S. Ambassador Mark H. Gitenstein attended the launch in the southern city of Craiova, as did ...