- Ford continues to transform the company. Craiova production plant is transferred to Ford Otosan as ownership
- Ford Otosan plans to invest 490 million euros in the Romanian site over the next three years to expand production and play a key role in Ford’s electric distribution in Europe.
- The next-generation Ford Transit Courier will be released in Craiova in 2023, followed by electric models in 2024.
- Ford Otosan continues to produce the Ford Puma and, from 2024, a new electric variant of the sports crossover SUV.
Ford Europe continues its transition towards an electric future and today officially transfers the Romanian plant site to Ford Otosan. Following the announcement and regulatory approval process already undertaken, Ford Europe and Ford Otosan have now finalized the agreement. This combines the manufacturing expertise of the Craiova plant with Ford Otosan’s extensive experience in the design, engineering and production of commercial vehicles. Ford Otosan also announced that it will invest a total of 490 million euros in the plant over the next three years. The aim is to play a key role in electrifying Ford in Europe and increasing production in the light commercial vehicle segment.
“By acquiring the Craiova plant, Ford Otosan is expanding the company’s manufacturing expertise and global competitiveness,” said Guven Ozyurt, General Manager of Ford Otosan. “The highly skilled employees of Craiova and their excellent work in the production of high-quality Ford vehicles are linked to the success story of Ford Otosan. Craiova benefits from the transfer of Ford Otosan’s knowledge and experience in the area of development, design and construction. of commercial vehicles and in the field of… benefiting from electrification.”
The next-generation Ford Transit Courier, including van and station wagon models designed and manufactured by Ford Otosan, will be produced in Craiova and launched in 2023. All-electric variants will follow shortly after in 2024. Ford Otosan will continue to manufacture the successful Ford Puma in Craiova and will begin production of a new electric variant of the sporty crossover SUV in 2024.
Ford is also conducting a transformation of the Cologne production facilities. Two billion US dollars are being invested in the Rhenish region to start producing electric vehicles from 2023. In addition, just a few days ago, Ford confirmed that the Valencia, Spain plant has been selected as one of the main locations to assemble vehicles based on the new vehicle design. of electricity. In the next decade, brand new electric and connected cars will roll off the production line there.
Ford plans to sell 600,000 electric cars annually in Europe by 2026. According to the company’s goal, more than two million Ford electric cars should be sold worldwide per year by 2026.
Fourteen years ago, Ford officially took over the Craiova factory from the Romanian government and, with a multi-billion dollar investment, transformed the car factory into a modern manufacturing facility. Today’s ownership transfer will strengthen Ford Otosan’s position as the largest commercial vehicle manufacturer in Europe. With the acquisition of the Craiova plant, the company’s annual production capacity will exceed 900,000 vehicles. Ford Otosan – a majority-owned joint venture between Ford and Turkey’s Koç Holding – is one of the longest-running and most successful joint ventures in the world’s automotive industry. The Prime Minister of Romania, Nicolae Ciuca and representatives of Ford Otosan attended the handover ceremony, held today in Craiova.
“The Craiova plant has a strong track record of competitiveness and flexibility, as demonstrated by popular pan-European vehicles such as the Ford EcoSport and Ford Puma, as well as the 1.0-litre EcoBoost petrol engine used in the models,” said Stewart Rowley. Chairman of Ford Europe. “This plan will support Ford’s strategy to further expand its thriving business in Europe and achieve its goal of zero emissions from the vehicles it sells. It also aims to achieve carbon neutrality in all of Ford’s European operations by 2035, including equipment and distributors.”
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Original content from: Ford-Werke GmbH, distributed by news aktuell