Ford Delays Spanish Investments, Citing ‘Revised Outlook for Europe’

BARCELONA, Spain—Ford said on Wednesday it is delaying its production investments in Spain, citing a “revised outlook for Europe” but said it remained committed to its plant in Valencia, where it announced plans in June to produce electric vehicles (EVs).
The U.S. carmaker said in a statement it will not ask for a share of Spain’s EU pandemic relief funds to invest in the roll-out of EVs by June 2025, but said it will work with local authorities to identify other potential public funding as it moves to an all-electric fleet of passenger vehicles by 2030.
Ford did not give further details on its revised outlook for Europe. It said earlier this week it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India….