





Ford wants a second look to some clauses in the Automobile Craiova privatisation contract
"In the context of the economic and financial global crisis that has dramatically affected the economies in the most developed countries, with dramatic effects on the auto producers industry market worldwide, Ford requested the reassessment of some clauses in the shares selling-buying contract", the decision Project reads. According to this, there's a need for an inter-ministerial commission, made up by representatives from The Authority for State Asset recovery (AVAS), the Public Finance Ministry, Economy Ministry, Work Ministry and the Government's General Secretariat.
During the first meeting of the commission, Ford will present proposals to modify the privatisation contract, negotiating these proposals with the state representatives. "The results will be approved by Romania's Government through a Memorandum, will be sent for authorisation to the European Commission and later, they will be subjected to Romania's Government approval as ordinance/law", the decision project mentions.
The commission will be headed by the AVAS president. Ford produced below 1,000 cars since September 2009, when the company started working on Transit Connect in Craiova. The production is low because the plant is still developing to introduce a new model towards the end of this year. Plus, the demand for commercial car has dropped in the economic crisis.