All articles tagged with #european manufacturing
Ford and Geely will form a Valencia, Spain manufacturing joint venture (Ford 66%, Geely 34%) to produce two EVs and jointly develop Ford’s next crossover due in 2028, aiming to lift Valencia’s utilisation toward full capacity and cut European production costs as Ford seeks to revive its European business amid competition from Chinese brands; government support details were not disclosed.
Volkswagen plans to cut up to 100,000 jobs and end production at four German plants (Emden, Zwickau, Hanover and Audi's Neckarsulm), as part of a faster cost-cutting push to streamline the group amid pressure from Chinese rivals. The cuts could represent about 16% of its roughly 625,000 global roles and follow previous German targets, with union negotiations expected to be tough; the move comes after asset sales and a broader drive to focus on core automotive business under CEO Oliver Blume.