Ford Invests USD 300 M in Romania to Build New All-Electric Vehicle

CRAIOVA, Romania, April 27, 2021 – Ford confirmed today that it will invest $300 million to build a new light commercial vehicle in 2023 at its Craiova Assembly Plant in Romania, including an all-electric version due to debut in 2024 – the first all-electric Ford volume vehicle to be built in Romania.

“Ford’s Craiova operations have a strong record of delivering world-class competitiveness and flexibility. Our plan to build this new light commercial vehicle in Romania reflects our continuing positive partnership with local suppliers and the community, and the success of the entire Ford Craiova team,” said Stuart Rowley, president, Ford of Europe.

“Adding an all-electric version in 2024 means Craiova will be our third facility in Europe to build an all-electric vehicle. It follows recent investments this year in the Ford Cologne Electrified Vehicle Center in Germany and Ford Otosan’s Kocaeli plant in Turkey and sends another clear signal that we are on an accelerated path to providing our commercial vehicle customers with a zero emissions future in Europe.”

Ford Craiova – world-class manufacturing

Ford’s overall investment in its Romanian manufacturing operations – including today’s investment announcement – is close to $2 billion since acquiring the Craiova facility in 2008.

Craiova’s commitment to electrification goes back to October 2019 with the start of Puma mild-hybrid production, while today’s announcement marks another milestone as Ford is the first manufacturer to announce it will build an all-electric vehicle in Romania.

“This new planned investment in Craiova’s future is a sign of Ford’s hope that the Romanian government will ensure key improvements are delivered to support a competitive manufacturing landscape in the local region, including much needed upgrades to the transport infrastructure,” said Rowley.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected vehicle services. Ford employs approximately 186,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.

Photo source: Ford Company