USA based Ford Motors is set to invest €600Mn ($648Mn) in its Vehicle Assembly Operations in Saarlouis, Germany. The investment will help Ford produce the next generation of Ford Focus cars.
With this investment, Saarlouis Vehicle Assembly Operation will realize cost efficiency and productivity along with hi-tech manufacturing and energy generation.
About Ford Motor Company
The Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903.
The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer, Troller, and Australian performance car manufacturer FPV. Ford owns an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling of China. It also has a number of joint-ventures, one in China (Changan Ford), one in Taiwan (Ford Lio Ho), one in Thailand (AutoAlliance Thailand), one in Turkey (Ford Otosan), and one in Russia (Ford Sollers).
Source: – Ford’s Press Release