Ford Negotiating With Slovakia for Plant
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The US automaker Ford Motor Co. is negotiating with Slovakia&#39;s government to build an auto parts plant in the nation&#39;s east, a newspaper reported Tuesday.
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The Ford Motor Company said Monday that it will sell the climate-control business of its Automotive Components Holdings unit to a French car parts maker, Valeo.
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Hankook Tire Co., Korea's biggest tire maker, is weighing Eastern European countries such as Slovakia and Poland for a plant to supply regional carmakers including the Slovak unit of Kia Motors Corp.
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ST PETERSBURG, Russia  - Production resumed at U.S. carmaker Ford's  plant in Russia on Thursday after a one-day strike over pay and conditions, but workers threatened to down tools again if pay talks stall.
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Ford said it was working with financial advisers to sort out the future of the two British brands.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan.
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Ford Motor Co.  said on Tuesday it was working with financial advisers on the best options for its European luxury brands Jaguar and Land Rover as it continues a strategic review of its global operations.
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Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.
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Visteon Corp. said Wednesday it will build a new plant in western Slovakia to support new business with PSA Peugeot Citroen and Kia - two automakers that are in the process of building new plants in Slovakia.
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Business: 24 September 2004, Friday. Ford is planning to open a local office in the northern Bulgarian town of Pleven, the company's Bulgarian representative has said.
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The US automaker Ford has pledged to invest 675 million euros to upgrade a Romanian factory that once belonged to the South Korean group Daewoo, a Romanian privatisation official said Thursday.
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Wanxiang Group, China's top auto parts supplier, is in talks with Ford Motor Co.  to purchase assets from the U.S. carmaker's components business, the Financial Times reported, citing the Chinese firm's founder.
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Ford Motor Company signed a collective bargaining agreement with the union representing its Russian employees, averting a strike in a country that has been a bright spot for the automaker. Sales in Russia are booming; Ford made 60,000 Focus cars in Russia last year and plans to produce 75,000 this year. The company agreed to raise wages 14 percent to 20 percent and to guarantee that jobs will not be lost in outsourcing to subcontractors, according to Aleksei V. Etmanov, the union president.
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Business & money: Ford favours Indian firm to buy its two premier brands but union and government offer cautious welcome
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Production resumed at  U.S. carmaker Ford's  plant in Russia on Thursday after a  one-day strike over pay and conditions, but workers threatened  to down tools again if pay talks stall.
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U.S. giant Ford Motor Co  has  offered 57 million euros ($78 million) for the Romanian  government&#39;s majority stake in troubled carmaker Automobile  Craiova SA (AUCSxm.BRQ), officials said on Friday.
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Ford Motor Co  and the United Auto Workers union have agreed on the broad terms of a new round of buyouts that would slash thousands of jobs under the terms of a new contract, people familiar with the ongoing talks said.