Ford said on Friday it will relocate its southeastern Europe vehicle sales unit to Budapest from Warley, England during the coming year.
Published:
10 May 2000 y., Wednesday
The Hungarian Ford center will be merged with Ford Motor Hungaria Kft., Ford's fully owned national sales company, Ford Hungary Public Relations Manager Gyorgy Madarasz told. He did not say how many jobs would be affected in the move. The unit is to serve as the center for Ford's business both in Hungary and other countries of the region, including Slovenia, Croatia, Bulgaria, Romania and Ukraine. Ford set up the office in Warley in England's West Midlands, near Birmingham, to deal with car sales in southeastern Europe following the collapse of communism. At the same time as it moves its southeastern Europe hub to Hungary, Ford will also separate its sales and distribution business from its parts manufacturing venture, Madarasz said. The move is part of a global plan by Ford to spin off its Visteon parts unit this summer. The Hungarian Alba Ford parts plant is located in the western city of Szekesfehervar.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »