Ford's Wager on Romania

Ford Motor Co. looks set to become the proud owner of a former Daewoo factory in Craiova, Romania. Last month Ford submitted a bid for the Romanian plant including plans to invest some 675 million euros ($920 million). Other bidders including General Motors, China’s Chery and India’s Tata Motor have dropped out of the contest, so Ford looks like the defacto winner. The Romanian government wants to seal the deal in September.

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