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Geely To Acquire 34% Stake in Ford’s Spanish Plant
Jack Hao Ford and Geely have signed an agreement in Spain for Geely’s wholly-owned subsidiary, Geely SPV, to pay USD $256 million to acquire a 34% stake in a Spanish vehicle manufacturing company held by Ford NL. Ford retains the remaining 66%; after the deal closes, the company will operate as a joint venture at Ford’s Valencia plant, producing passenger cars under contract.
The Valencia plant opened in 1976, and was once Ford’s largest production base outside the United States. It has built more than 11 million vehicles to date and has a designed annual capacity of about 500,000 units, making it one of Europe’s biggest car factories.
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Prince Is Featured Speaker at 2026 Innovation Summit
Jack Prince Jack Prince, Business Development Manager at Power Systems Research, is scheduled to be a Featured Speaker at the 2026 Suppliers Partnership for the Environment Partnership Innovation Summit. The session will be held July 28-29, 2026, at Novi, MIHe will be joining a panel discussion alongside Ricardo to share perspectives on the market trends shaping industrial equipment, commercial vehicles, and power generation.Drawing from Power Systems Research's global forecasting and market intelligence,…
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Bus Chassis Production Shows Gains, Downturn Likely
Fabio Ferraresi Brazilian bus chassis production reached 16,200 units in the first half of 2026, up 3.2% year-over-year, but June output fell 20.8% from May and 15.1% from June 2025, signaling a possible reversal in the production curve. Registrations totaled 10,200 units in the first half, down 11.6% year-over-year, despite a June rebound supported by subsidized credit from Move Brasil 2.
Anfavea revised its 2026 outlook downward, projecting 22,500 registrations, 25,000 chassis produced, and 4,400 exports, reflecting weaker demand, high interest rates, public procurement delays, and the electoral calendar.
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