Monday, November 28, 2011

Romania May Fine Ford on Lower Output Amid State-Aid, ZF Says

Ford Motor Co. (F) may be fined about 14 million euros ($19 million) by the Romanian authorities for failing to meet a car-production pledge at its southern Craiova- based factory, after receiving state-aid from the government, Ziarul Financiar reported, citing Finance Minister officials.

Ford was supposed to manufacture about 250,000 cars at its Romanian factory this year, Ziarul Financiar said, citing a contract between the Romanian government and the Dearborn, Michigan-based company. It has so far produced about 7,600 cars, according to the newspaper.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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