In a significant move that highlights the evolving landscape of the global automotive industry, US-based Ford has announced plans to form a new joint venture with Chinese automaker Geely in Spain. The partnership, which is set to be established in the coming months, will see the two companies collaborate on the production and development of new electric vehicles. This strategic alliance marks a major expansion of Ford's presence in Europe, where the company has been working to accelerate its transition to electric vehicle production. The joint venture is also expected to create new job opportunities in Spain, as Ford and Geely look to tap into the region's growing demand for eco-friendly transportation options.
Ford to partner with Chinese automaker Geely in Spain in new joint venture AP News
