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Friday, January 27, 2023

Ford is in talks to sell a factory in Germany to Chinese BYD

American automobile ford plans to sell to china BYD According to the newspaper, it has a vehicle assembly plant in Saarlouis, Germany. wall street journal, It is a factory for which Ford has no plans to produce cars after the middle of the decade when the useful life of the Ford Focus ends.

According to the American newspaper, Members of Ford management in Germany to visit China To continue talks with the manufacturer which has plans to expand into Europe with the offering of electric vehicles. In Spain, for example, BYD plans to launch with the offering of three models during the first quarter of this year: BYD Atto 3, BYD Tang and BYD Han, the latter being said to be the flagship of the Asian car industry. Which will cost around 72,000 Euros.

Talks between BYD and Ford are still in the preliminary stages. In addition to the Chinese company, Ford has received interest from 15 other potential investors. including manufacturers and financial investors who may partner with the manufacturer.

The sale of this plant is part of Ford’s plan to return from Europe, where the company plans to reduce its workforce by 3,200 people cut that will be made on top of its operations in Germany (where it has its headquarters and main European plant in the city of Cologne, in addition to the aforementioned factory in Saarlouis).

The Saarlouis factory was left on the line in the middle of last year after it was confirmed that Ford would study production of electric vehicles in Almusafs (Valencia), leaving the German plant without a model beyond the middle of the decade. The two electric models will arrive at the Spanish factory, with some cars expected like rain in May at a factory that has lost several vehicles and in which an ERE is expected this year. These layoffs are due to a reduction in workload, in addition to model losses, which will mean the arrival of electric cars from 2026.

World Nation News Desk
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