Ford plans to increase annual output at its plant in the eastern Spanish city of Almussafes, near Valencia, by 80% to 300,000 units.
Ford Spain chief Jose Manuel Machado made the announcement at an event to marking the start of exports from Almussafes of the redesigned Kuga compact SUV [called the Escape in North America], local news agency EFE News reported.
Go deeper with GlobalData
The industry in Spain “knows what the problems of expansion are” and “what we have to do,” Garcia-Margallo said, adding that Ford “has understood how to forge ahead” and will be “an ambassador” for ‘Brand Spain’.
The new Kuga, to be sold in 72 countries, is part of an investment plan of EUR1.11bn (US$1.44bn) in the Almussafes plant, Spanish industry’s largest investment in decades.
The Ford factory in Valencia will become a hub for for C-segment cars, one of the largest market segments in Europe.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
