25
Aug
14:53
Ford to forgo Spain’s PERTE funding as production plans delayed
Ford has passed on the chance to receive the first round of Spanish public funding for vehicle electrification investments due to a delay in its production plans in the country.
A spokesperson told Kallanish the carmaker remains committed to its Valencia plant as operations in Spain continue to be a “critical part of our strategy for Europe.” The facility in Almussafes should produce next-generation electric vehicles by 2030, but a fixed date is yet to…
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Very good overview of the weekly steel market.
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