Cars
The European Commission has given its consent to the Romanian government to grant Ford €143 million (approx $226 million) for the production of vehicles and engines in Craiova
- Nürburgring Racetrack Files For Bankruptcy
The world's most famous racetrack and home to Germany's F1 circuit (alternating with Hockenheim), the Nürburgring, has fallen into insolvency as the state-owned firm that owns it cannot pay its bills. The German state of Rhineland-Palatinate,...
- Land Rover Gets Government Grant To Build Range Rover Lrx
The UK Government has offered a grant of up to £27 million ($37.4 million) to help the Jaguar-Land Rover Group develop the production version of the LRX small SUV first shown in Detroit last year. It should be noted that the grant is from a separate...
- Ford To Reopen Canadian Engine Plant In Windsor
According the official website of the Government of Ontario, Ford Motor Company will reopen its Essex engine plant in Windsor, thanks to a partnership between the Ontario government and the American automaker. Ontario is providing $17 million CAD to support...
- Eu Investigating French R&d Aid To Peugeot-citroën For Hybrid Diesel Car
The European Commission has launched an in-depth inquiry to determine whether a €96 million (about $140 million) aid that France plans to grant to the Peugeot-Citroën PSA Group and other partners for the development of a hybrid diesel car (VHD)...
- Ford To Buy Off Former Daewoo Plant In Romania
While Ford’s cutting off plants in the States, in Europe, the American carmaker is planning to seal a deal for the Craiova plant in Romania at the Frankfurt Show on September 12. According to Automotive News, Ford Motor Company will disburse 57...
Cars
EU Approves €143 million Romanian Government Aid To Ford
The European Commission has given its consent to the Romanian government to grant Ford €143 million (approx $226 million) for the production of vehicles and engines in Last October, European regulators launched an official investigation to find out whether the Romanian government violated EU rules on state aid with its decision. Under EU rules, state aids to businesses are allowed only if they boost employment in poor or underdeveloped areas.
According to the European commission, Ford’s plans to completely overhaul the two Romanian plants it purchased to manufacture vehicles and engines will create approximately than 40 000 direct and indirect jobs in Craiova which is considered as one of the EU's poorest regions.
- Nürburgring Racetrack Files For Bankruptcy
The world's most famous racetrack and home to Germany's F1 circuit (alternating with Hockenheim), the Nürburgring, has fallen into insolvency as the state-owned firm that owns it cannot pay its bills. The German state of Rhineland-Palatinate,...
- Land Rover Gets Government Grant To Build Range Rover Lrx
The UK Government has offered a grant of up to £27 million ($37.4 million) to help the Jaguar-Land Rover Group develop the production version of the LRX small SUV first shown in Detroit last year. It should be noted that the grant is from a separate...
- Ford To Reopen Canadian Engine Plant In Windsor
According the official website of the Government of Ontario, Ford Motor Company will reopen its Essex engine plant in Windsor, thanks to a partnership between the Ontario government and the American automaker. Ontario is providing $17 million CAD to support...
- Eu Investigating French R&d Aid To Peugeot-citroën For Hybrid Diesel Car
The European Commission has launched an in-depth inquiry to determine whether a €96 million (about $140 million) aid that France plans to grant to the Peugeot-Citroën PSA Group and other partners for the development of a hybrid diesel car (VHD)...
- Ford To Buy Off Former Daewoo Plant In Romania
While Ford’s cutting off plants in the States, in Europe, the American carmaker is planning to seal a deal for the Craiova plant in Romania at the Frankfurt Show on September 12. According to Automotive News, Ford Motor Company will disburse 57...