Romania wraps up sale of Automobile Craiova to Ford

Newswire

By Mihai Barbu CRAIOVA, Romania, March 21 (Reuters) - Ford Motor Co officially took over Romanian carmaker Automobile Craiova Ford, the sole bidder for the European Union newcomer's struggling plant, formerly called Daewoo Romania, agreed last September to pay 57 million euros ($88 million) for a 72.4 percent stake. But earlier this year the EU's executive said after a five-month investigation Romania had given illegal state aid to the plant during its sale, saying it must recover 27 ...

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