The European Commission has opened a formal investigation into possible aid granted in the privatisation of Automobile Craiova (formerly Daewoo Romania) and its sale to Ford Motor Company in September 2007. The Romanian authorities attached specific conditions to the privatisation. In particular, these included the achievement of a minimum production level of 200,000 cars in the fourth year following the privatisation; the continuation for four years of the current activity; and the maintenance of the 3,900 former employees of Automobile Craiova and Daewoo Romania. The Commission is concerned that privatisation through a conditional tender might have resulted in a lower sales price than if the privatisation had been unconditional. If this is the case, the privatisation could involve elements of State aid.