Finance and Trade Minister Zeef Sharef said yesterday that his office has given close attention to a proposal made by Henry Ford II, chairman of the Ford Motor Co., to set up a Ford plant in Israel to make parts for Ford assembly plants in Europe. Mr. Ford made the proposal at a meeting with the Israeli official in Detroit after Mr. Sharef suggested that the Ford firm should buy parts in Israeli factories for such assembly. Mr. Ford told Mr. Sharef that the company was considering building a plant in Europe to make automatic gear shifts and that it might now consider building that plant in Israel instead. The minister added that Mr. Ford had promised to send to Israel a number of Ford experts to explore the possibility.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.