Geely reaches agreement to acquire Ford Motor's inactive facility in Valencia, Spain
The deal would revive idle capacity, enable localized European manufacturing, and may expand into broader technology and platform collaboration between the two automakers
Chinese carmaker Geely Auto has reached an agreement to acquire the Body 3 assembly line at Ford Motor's Almussafes plant in Valencia, Spain, according to Spanish media outlet La Tribuna de Automoción. By taking over this currently inactive facility, Geely is expected to establish its own independent vehicle manufacturing operations in Europe.
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