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
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »