Loading…

Ford and Geely Auto have formed a joint venture to produce vehicles at Ford's Valencia plant in Spain, with Ford holding a 66% stake and Geely 34%. The venture targets an annual capacity of 500,000 vehicles and plans to add four new models by 2029, including a Bronco SUV and a multi-energy crossover.
“This strategic partnership, centered around a new joint venture, promises to deliver exciting new vehicles and secure the future of Ford's Spanish factory in Valencia.”sylars.com
Summarized from public sources; check the original articles before acting on it.