Ford Motor Company, one of the world's leading car manufacturers, invested over 200 million euros in Ford Romania in January, the first instalment of the 675 million-euro investment aimed at bringing the Craiova-based car plant up to American standards. The over 200 million-euro capital increase accounts for nearly half the overall foreign investments conducted in January in the form of capital contribution, according to data from the National Trade Registry Office. While companies such as steel maker Voestalpine dropped their investment plans in Romania or shut down production, as was the case of Leoni on the Mioveni platform, the 200 million-euro investment is a "breath of fresh air" for the Romanian car industry. Ford will attract its car part suppliers to Craiova, which will lead to the creation of over 40,000 new jobs. The sum is lower than the one announced by company representatives, who said at the beginning of the year that the Board of Directors of Automobile Craiova had approved a share capital increase by 250 million euros for Ford Romania.
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