Contact Us

Home> International News> News detail

Romania calls for bids in Daewoo sale by July 5

From www.autonews.com| May 04,2007

BUCHAREST (Reuters) -- Romania has called for binding offers in the privatization of carmaker Daewoo Automobile Craiova by July 5, the privatization agency said today.

The AVAS agency also said it would publish a further schedule of the privatization on July 6, including a deadline for improved offers.

The new European Union member's centrist government plans to sell about 95 percent of the carmaker, including a 72.4 percent stake it bought back from its bankrupt owner late in 2006.

So far, General Motors, Ford Motor Co. and Russian Machines have submitted letters of intent.

Many auto parts makers have set up in Romania recently, lured by the rising output of Renault's Dacia plant, cheap labor and favorable tax rates.

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.