Wards Auto57d agoneutral
Ford, China’s Geely to build cars in Spain in joint ventureThe deal calls for the automakers to build two new Ford multi-energy vehicles and two new Geely electric SUVs at the Valencia plant.
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AFP58d agoneutral
Ford and Geely to form joint venture at struggling Spain plantUS carmaker Ford and China's Geely will create a joint venture at Ford's troubled Valencia plant in eastern Spain, where they plan to produce four new models for the European market, the companies said on Thursday.Ford will hold a 66 percent stake in the venture and Geely the remaining 34 percent, the two companies said in a statement about the project which was presented at the plant in Valencia.