financetom
Business
financetom
/
Business
/
Ford to build new partly electric car at Spanish plant from 2027
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ford to build new partly electric car at Spanish plant from 2027
May 10, 2024 7:37 AM

MADRID, May 10 (Reuters) - U.S. automaker Ford

plans to start production of a new partly electric car at its

plant in the Valencia region of Spain starting in 2027, a

company spokesperson said on Friday.

Ford had said in March that it was considering making a new,

multi-energy passenger car at its Valencia plant.

Spain's Industry Ministry said the carmaker aimed to produce

300,000 units of the new vehicle annually. "It is a model that

will guarantee the workload for this factory and prepare it for

the future," the ministry said in a statement.

Ford currently assembles its Kuga SUV at the plant, which

employs 4,800 people, after cutting back output of other models

in recent years.

The Ford Spain spokesperson said the new car will be

assembled for markets in Europe and elsewhere.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved