Ford Europe Co. seeks Daewoo Craiova takeover for EU-intended Ford brand production

Ford Motor Co. plans to take over the Craiova-based carmaker Daewoo (south) and thus expand its production capacity in order to cope with the rising demand in Europe, Ford of Europe chairman John Fleming stated on June 11. John Fleming said Ford has increasing difficulties in facing demand from Europe and needs an extra production capacity as fast as possible.In 2006 the company produced 1.8 million vehicles in Europe, 10 percent over its production capacity, but things cannot go on like ...

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