# Ford delays Spanish investments, citing ‘revised outlook for Europe’
Published: 2022-08-25
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: Ford delays production investments in Spain, remains committed to Valencia plant for EVs
Meta Description: Ford delays production investments in Spain, but remains committed to electric vehicle production in Valencia amidst restructuring plans for an all-electric fle
URL: https://blockchaintribune.com/ford-delays-spanish-investments-citing-revised-outlook-for-europe/

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By Joan Faus

BARCELONA (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](https://blockchaintribune.com/indonesias-pertamina-electrum-sign-battery-packs-development-deal/) 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.

No jobs will be cut at its plant in Valencia for now, a Ford Spain spokesperson said, although the carmaker has long said there will be some restructuring of its workforce as [electric](https://blockchaintribune.com/indonesias-pertamina-electrum-sign-battery-packs-development-deal/) cars require fewer labour hours to assemble.

Both UGT union and Spain’s Industry Ministry played down the investment delay, noting that it does not affect Ford’s plan to produce [EVs](https://blockchaintribune.com/jaguar-land-rover-sets-out-to-train-workers-dealers-for-ev-world/) in Spain.

“The Spanish government maintains its commitment to support Ford in its current and future investments in Spain,” the Industry Ministry said in a statement.

[Ford](https://blockchaintribune.com/ford-profit-disappoints-stock-falls-11-as-quality-issues-dog-automaker/) had applied in May for Spain’s EU pandemic relief funds and had been allocated 106 million euros in a first provisional allotment, but withdrew its application on Tuesday ahead of a deadline for potential changes, the Ministry said.

(Reporting by Joan Faus and Jan C. Schwartz, editing by Inti Landauro and Bernadette Baum)


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