Ford in talks with China’s BYD to sell German plant

Ford is in talks with Chinese electric car maker BYD over the sale of its Saarlouis plant in Germany. wall street journal This was reported by a person familiar with the matter.

ford The company will end production of the Focus compact car at the plant in 2025 as it scales back its passenger car line-up in Europe and focuses on all-electric vehicles and light commercial vehicles.

Ford executives are scheduled to travel to China next week to discuss a potential sale with BYD. journal report. Negotiations are still in the preliminary stages and could eventually break down, the report said.

Ford said last June that it was exploring alternatives to building vehicles at its Saarlouis plant. The factory he employs 4,600 workers.

of journal Ford is also reportedly interested in about 15 potential investors, though the terms of the deal are unclear.

Separately, Ford said on Tuesday it intends to decide how many cars it will produce by mid-February. Employment Cuts in Europe After announcing plans to cut up to 3,200 jobs at its Fiesta plant in Cologne, Germany.

https://ift.tt/tqn68eb Ford in talks with China’s BYD to sell German plant


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