Asleep at the wheel – Ford cuts jobs in Europe, the EU’s bank delivers for Ford in Turkey
Publication | December 14, 2012
The European Investment Bank (EIB) has come under fire in recent weeks thanks to a loan granted to Ford Europe. The EU’s bank signed off on a EUR 200 million loan to the car giant for the company’s relocation of production to Turkey not long after Ford Europe announced the shutdown of its production sites in Genk, Belgium, and Southampton in England.