9/28/2020, 9:18 AM (Source: TeleTrader)
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Ford applies for COVID-19 aid package in Germany

Ford-Werke GmbH has applied for German state aid from the Corona rescue fund dubbed Economic Stabilization Fund (WSF). This includes rescue funds amounting to €570 million.

WSF was put by the German government as a rescue aid coalition that provides €100 billion for companies that are in the need of rescue due to the coronavirus pandemic.

According to the last information, 14 companies queued for the WSF in August. Among the first companies that received money was Lufthansa.

Breaking the News / TF