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Wards Auto19d agoneutral

Ford, China’s Geely to build cars in Spain in joint venture

The deal calls for the automakers to build two new Ford multi-energy vehicles and two new Geely electric SUVs at the Valencia plant.

AFP20d agoneutral

Ford and Geely to form joint venture at struggling Spain plant

US 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.