Slovakia offers 55 mln euro incentives to Ford JV

Newswire

BRATISLAVA, Jan 31 (Reuters) - Slovakia plans to offer incentives worth 54.5 million euros ($70.9 million) to a Ford venture that aims to build a new car parts factory in the east of the country, Finance Minister Ivan Miklos said on Monday. GETRAG Ford Transmissions, a joint venture between Ford Motor Co. and German parts maker GETRAG, said in December it planned to invest 345 million euros in a new Slovak gearbox plant with an estimated annual turnover of up to 400 million euros. Miklos ...

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