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America's Ford and China's Geely do major deal to build cars in Spain
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But today Ford and Geely confirmed the manufacturing collaboration to assemble four new cars: the upcoming Ford Bronco compact SUV and an “all-new, multi-energy crossover” for the Blue Oval.
Advertisement - Article continues belowThe alliance with Geely is the second Ford has announced in Europe in the past eight months.
“What we’re doing is jointly investing in the vehicle manufacturing capability here in Valencia, that’s the purpose of the joint venture.
Ford opened its Valencia plant in 1976 to build the original Fiesta.
The joint venture gives a stronger future for the circa 4,000 employees there – and Baumbick stressed that the alliance will allow the workforce to grow to cover four vehicles.