Previous close | 1.7000 |
Open | 1.7000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 13.82 |
Expiry date | 2024-07-19 |
Day's range | 1.7000 - 1.7000 |
Contract range | N/A |
Volume | |
Open interest | 368 |
U.S. automaker Ford 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. 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.
MADRID (Reuters) -U.S. automaker Ford 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. 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.
The company had in 2021 outlined plans for an all electric lineup for Europe by the end of the decade. "As EV adoption in Europe has slowed, we believe we need to offer our customers ICE (internal combustion engine) and hybrid vehicle options beyond 2030," Ford said in a statement to Reuters. Ford, which is closely monitoring the situation, said it would adapt as necessary.