Ford said it will strongly promote the activities of its plants in Europe with a biggest investment plan in Spain and introduced two new models at this country.
In Spain, Ford will invest €812 million ($1.2 billion). This is Ford's biggest investment in Spain in 35 years. At an event held in Valencia, a senior executive officer of Ford Europe Stephen Odell said that this investment will create hundreds of jobs.
The move was made in the context of unemployment rate in Spain is the highest in the region using the euro, at 21.3%, more than double the average of the European Union. In addition, sales in this market also declined in recent months, because the Spanish Government to terminate the program encourages the purchase of vehicles.
As planned, the plant in Almussafes will produce the Kuga crossover and the Transit Connect Van, while continuing to produce the C-MAX and the 2.0-liter EcoBoost engine.
