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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »