"Ford in Talks to Sell Valencia Plant Facility to Geely Amid EU Tariff Concerns" In a move that could significantly impact the European automotive landscape, Ford is reportedly in discussions to sell a body assembly hall at its Valencia plant to Chinese conglomerate Geely. The development comes as Geely looks to establish a foothold in the EU market, where it plans to assemble vehicles based on its GEA platform to avoid tariffs imposed by the European Union. The tariffs, which were introduced in response to the global trade tensions, have made it increasingly difficult for manufacturers to export vehicles to the EU. If the deal goes through, it would be a significant shift in the European automotive market, with Geely potentially benefiting from the strategic location of the Valencia plant.
Ford is in discussions to sell Geely a body assembly hall at its Valencia plant, according to Spanish media reports. Geely plans to build vehicles based on its GEA platform to sidestep EU tariffs on ...
