This post was originally published on this site
MADRID (Reuters) – 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 (EV).
The U.S. carmaker said in a statement it will not now 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 the authorities to identify other potential public funding as it moves to an all-electric fleet of passenger vehicles by 2030.
