Ford is reportedly planning to sell a significant portion of its Spanish plant to its Chinese partner Geely, as part of a major overhaul of its European operations to focus on electric vehicle production. The move, which has not been officially confirmed, is said to be part of Ford's broader strategy to reduce its costs and increase its competitiveness in the rapidly shifting automotive market. The Spanish plant, which is currently used to manufacture internal combustion engines, is expected to be converted into a state-of-the-art electric vehicle production facility, with Geely's expertise and resources playing a key role in the transformation. The deal could have significant implications for Ford's European operations and its relationships with its partners, and is likely to be closely watched by industry observers and investors.
Ford to sell part of Spanish plant to Geely to build EVs, reports say Automotive News
