Ford mulls building car plant in Slovakia
U.S. car maker Ford is considering building an assembly plant in Slovakia located in an industrial park near the town of Kechnec, where a Ford-Getrag joint venture already makes gear boxes, the economic daily Hospodarske Noviny said on Wednesday, without naming sources.
The daily quoted Kechnec Mayor, Jozef Konkoly saying that negotiations are held with a renowned producer which is planning to make higher-class cars in the east. He added that this would be an investment worth tens of billions of crowns and would create hundreds of jobs.
Unnamed sources had identified though the paper the new potential investor as Ford. The mayor and state officials implicated in negotiations on foreign investment deals were not immediately available for additional comment, informs Reuters.
Slovakia, a small ex-communist European Union member, has become a favorite location for car industry investors in recent years thanks to low taxes, cheap labor and location. Ford joins South Korea's Kia Motors and France's Peugeot Citroen which began production in new Slovak assembly plants in 2006, and Germany's Volkswagen which has had a factory there for over a decade.
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