The European Commission clears the way for the Romanian government to pay €143 million ($221 million) in subsidies to aid Ford Motor Co. in its modernization of Automobile Craiova S.A., the former Daewoo Motor Co. Ltd. vehicle manufacturing complex purchased in March. The U.S. auto maker owns 72.4% of Automobile Craiova, with the remaining shares split between SIF Oltenia S.A. (22.1%) and other investors (5.5%). The EC’s decision is the latest development in a bumpy ride for Ford, which ...
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