TITLE

NedCar plant has struggled since its 1968 opening

AUTHOR(S)
Weernink, Wim Oude
PUB. DATE
May 2006
SOURCE
Automotive News;5/8/2006, Vol. 80 Issue 6201, p36H
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses the problems of NedCar assembly plant in Born, Netherlands. NedCar assembly plant has built cars for Dutch, Swedish, Japanese and German automakers. The plant now faces its biggest crisis. By midsummer, the factory will be making just one car, the Mitsubishi Colt as Smart ends production of its poor-selling ForFour. The plant opened in 1968. European Union rules limit state subsidies, which is a serious problem for NedCar. In the plant's nearly four decades of operation, Netherlands financial sources calculate that it has received a cumulative 1 billion euros in government loans, guarantees and investment subsidies.
ACCESSION #
20897358

 

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