Spanish welcomes a joint venture between Ford and the Chinese firm Geely

Spain’s Prime Minister Pedro Sanchez welcomed a joint venture agreement between US car manufacturer Ford and the Chinese firm Geely.

Speaking at Ford’s plant in Valencia, Sanchez said the agreement “demonstrates something very important, namely Spain’s ability to attract major investment and to play a part in the major transformations that are shaping the future of mobility.” The venture will set up the production of four additional models from the two companies.