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Ford launches new van production in Romania

Posted Tuesday, Sep 8, 2009, 1:03 pm in Employee News

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, Associated Press reported.

The Transit Connect, a compact van, will sell for 14,000 euros to 15,600 euros ($20,000 to $22,000) in Romania and the United States, the news service said. Ford said it had sold 600,000 so far worldwide, the AP reported.

Romania is mired in recession and needed a $17.1 billion bailout from the International Monetary Fund, the news service reported. Two years ago, Ford took over the country’s state automaker, the story said. (Associated Press)
 
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