Ford invests US$ 2.6-billion in Valencia Operations in Spain

Ford Motor Company announced it is completing the final part of a US$ 2.6-billion investment in its Valencia, Spain, manufacturing operations, transforming it into one of the world's most advanced, flexible and productive auto plants.

The investment by Ford
is the largest in the history of Spanish auto industry and will allow the Valencia plant to increase vehicle production by 40 per cent this year to about 400,000 vehicles, and will have the capacity to potentially build up to 450,000 vehicles a year.

Valencia also is today one of Spain's top automotive exporters, with 80 per cent of its production being exported worldwide.

"This world-class facility will help Ford's accelerate its growth in Europe and around the world," said Mark Fields, Ford President and Chief Executive Officer. "Valencia is not only a major hub of production - building vehicles and engines exported to 75 countries worldwide - but also a centre of innovation employing some of the industry's most advanced lean, flexible and environmentally friendly manufacturing processes."

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