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Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027

Published 05/10/2024, 06:56 AM
Updated 05/10/2024, 08:01 AM
© Reuters. FILE PHOTO: The Ford name plate is seen on the interior of a Ford F-150 Lightning pickup truck during a press event in New York City, U.S., May 26, 2021.  REUTERS/Brendan McDermid/File Photo
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MADRID (Reuters) -U.S. automaker Ford (NYSE:F) plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, Spain's Industry Ministry said on Friday.

The company had said in March it was considering making a new sports utility vehicle (SUV) at its plant in Valencia.

"It is a model that will guarantee the workload for this factory and prepares it for the future," the ministry said in a statement.

© Reuters. Cars are pictured at the Ford factory in Almussafes near Valencia, Spain June 15, 2018. REUTERS/Heino Kalis/File Photo

Ford currently assembles its Kuga SUV at the plant, which employs 4,800 people, after output of other models was cut back in recent years.

A spokesperson at Ford Spain did not immediately respond to a request for comment.

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