Ford Invests EUR750 Million in Spain Plant
November 17 2017 - 02:37AM
Dow Jones News
By Alberto Delclaux
Ford Europe, the European arm of Ford Motor Co. (F), is
investing more than 750 million euros ($883.2 million) in its
Valencia, Spain, plant for the production of the new Kuga model,
the company said Thursday.
The Kuga model accounts for close to 50% of the production
volume at the Valencia plant, and is the most-sold model in Europe
behind the Fiesta and Focus, Ford Europe said.
The investment brings the total sum invested in Ford's Valencia
operations to around EUR3 billion since 2011.
The investment confirms Ford's commitment to Spain as one of its
most important manufacturing hubs in Europe, the company said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 17, 2017 02:22 ET (07:22 GMT)
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