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Ford and Geely in talks on European manufacturing and technology partnership
Summary
Reuters reports that Ford and China's Geely are privately discussing a potential partnership that could see Geely use Ford factory space in Europe and explore shared vehicle technologies, including automated driving.
Content
Ford and China's Geely are reportedly holding private discussions about a possible manufacturing and technology partnership. Sources told Reuters the talks include the possibility of Geely using Ford factory space in Europe to produce vehicles for the region. The discussions have also covered the potential framework for shared vehicle technologies, including automated driving. Ford sent a delegation to China this week after meetings in Michigan between senior executives.
Key details:
- Reuters cited eight people with knowledge of the talks who said the discussions are private and ongoing.
- Sources told Reuters that talks centered on European manufacturing are more advanced.
- A person familiar with the matter said Ford's plant in Valencia, Spain, would most likely be the factory involved.
- Two sources said the companies discussed shared vehicle technologies, including automated driving.
- Geely declined to comment and Ford said it has discussions with many companies on various topics; Reuters could not determine if the talks will result in a deal.
Summary:
These discussions reflect a broader industry trend of sharing technology and manufacturing capacity. Talks are ongoing and Reuters could not determine whether they will produce an agreement; Ford recently sent a delegation to China and senior executives met in Michigan. A commercial tie-up involving the U.S. market was reported as likely to draw regulatory and political scrutiny. Undetermined at this time.
