Daewoo sparks interest

Carmakers Renault and Nissan are not the only ones interested in taking over the Daewoo Craiova plant, and the privatisation of the factory could be done in the first half of next year, vice-premier George Copos told Ziarul Financiar. He is the governmental official in charge of attracting foreign investment. “Daewoo Craiova is a very interesting factory and there are several major players in the international automotive manufacturing industry that are carefully considering the Romanian producer,” Copos said. He did not care to identify the companies interested. The vice-premier, however, was stating three months ago that the authorities had conducted several rounds of talks with Ford and General Motors for their possible arrival at Craiova. Copos went on to specify that the other investors were expected to follow in the footsteps of the Renault-Nissan alliance and submit letters of interest. The two carmakers have already submitted a letter of intent to the Romanian authorities in view of he acquisition of the Daewoo Craiova plant. This indicates their interest in obtaining information about the facility in Craiova, in order to decide whether or not they will participate in the tender soon to be launched by the Romanian authorities. ZF