"Ford Considers Selling Spanish Plant to Geely Amid EU Tariff Fears. In a move that could have significant implications for the European automotive market, Ford is reportedly in talks to sell a body assembly hall at its Valencia plant in Spain to Geely, the Chinese conglomerate behind Volvo and Lynk & Co. The sale is said to be driven by Geely's plans to build vehicles based on its GEA platform, which would allow the company to avoid EU tariffs imposed on Chinese-made cars. If the deal goes through, it could mark a significant shift in the ownership of a major European manufacturing facility, and potentially pave the way for Geely to expand its presence in the region."
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 ...
