Ford to hike output at Spanish plant by 40% this year

Article by Christian A., on February 10, 2015

Ford Motor is planning to hike production at its Valencia site in Spain by 40 percent to around 400,000 units this year. The Valencia plant is now in charge of building the Mondeo midsize car and the Galaxy and S-Max large minivans, after their former home, Ford’s Genk site in Belgium was closed in December as part of the carmaker’s plan to trim excessive capacity and return its European operations to profit.

Ford recently said in a statement that it has completed the final part of a EUR2.3-billion ($2.6 billion) expansion of its operations in Spain. This investment includes an initial EUR1.1 billion announced in 2011 and another EUR1.2 billion since 2013.

The US carmaker is boosting its output in Spain, which is currently making reforms – like easing the conditions for firing and hiring -- to restore economic stability. Ford chief executive Mark Fields and Spanish Prime Minister Mariano Rajoy have visited the Valencia site to mark the investment.

Fields remarked that the Valencia site is one of the most modern and flexible auto plants around the world. Rajoy, meanwhile, said the auto industry had played a key role in the recovery of the Spanish economy.

With that, the European Commission is expecting more of the country’s economic growth this year. Ford’s investment in Spain comes as the carmaker continues to trim its losses in Europe, even cutting the deficit in the fourth quarter of 2014 to just $443 million.

Sales also grew faster than the industry overall, jumping 7.3 percent. Fields told Bloomberg that Ford’s European business and its market share grew in 2014 Europe and they expect the auto industry to “grow a bit more this year."

Ford will commence production of the latest Galaxy and S-Max models later in 2015 and by the end of the year, the Valencia site will be building six models.

If you liked the article, share on:

Topics: ford, spain, production

Comments

Recommended

Subaru customers and fans in the United States have been somewhat envious of their counterparts in Japan. This is because Subaru, most of the time, launches high-performance special edition models...
by - December 18, 2017
One of the legends of the automotive tuning world will be auctioned off at the upcoming 2018 Tokyo Auto Salon in January. We’re talking about the Top Secret V12 Toyota...
by - December 18, 2017
Renault Chairman and CEO Carlos Ghosn inaugurated the all-new Alpine A110 production line. This inauguration was attended by the Minister for Economy and Finance of France, Bruno Le Maire, with...
by - December 17, 2017
TOYOTA GAZOO Racing revealed that it will be participating in the 2018 Tokyo Auto Salon with the theme “Meister's Workshop.” The company will showcase models that have been part of...
by - December 16, 2017
Infiniti has commenced sales of the new 2018 Infiniti QX80 full-size luxury sports utility vehicle. Aside from the standard specs and optional features, potential customers would want to know how...
by - December 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries