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Ford’s 750m-euro bonus lifts Spanish operations

CAR-MAKERS Ford has brought its total investment in Spain since 2011 to around 3bn euros, following another 750m-plus being poured into its huge Valencia operation.

Ford’s Valencia Vehicle Operations and Engine Plant Manufacturing company has, since 1976, produced more than 12 million vehicles and 16 million engines, and is one of Spain’s top automotive exporters.

Some 90% of Valencia’s vehicle production is exported to more than 75 countries worldwide. And Ford is planning to build the next-generation Ford Kuga, a  medium-sized Sports Utility Vehicle, at the plant. The SUV accounts for close on 50% of Valencia’s vehicle-production volume.

Kuga is Ford’s third top-selling model in Europe, behind the Fiesta and Focus. And European sales of Kuga so far this year, totalling 126,900, has already shown a 22% improvement on the 2016 figures.

Valencia is also the sole production source for the Tourneo Connect people-mover and Transit Connect light-commercial vehicle, as well as the full range of Mondeo, S-MAX and Galaxy models.

Steven Armstrong, President and head of Ford in Europe, the Middle East and Africa, said: “This major new investment reconfirms, in the clearest way, our continuing commitment to the Valencia region, and to Spain, as one of our most important manufacturing locations in Europe.

“I thank the national government in Madrid, and the Generalitat Valenciana, for their continued support, and for their ongoing work to maintain a favourable climate for business investment in the Valencia region.”

With Ford employing more than 8,000 people across all the operations there, the new investment will help secure employment there.

Short URL: http://www.canarianweekly.com/?p=38932

Posted by on Nov 24 2017. Filed under Sport. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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