Ford is in talks with Chinese EV maker BYD Co. to sell its manufacturing plant in Saarlouis, Germany.
According to sources, officials from Ford’s management team in Germany will travel to China next week to discuss the deal. The terms of the sale weren’t disclosed.
- Ford produces its Focus compact model vehicle at the plant.
- The U.S. automaker plans to end vehicle production at the plant in 2025.
- A Ford spokesperson said the company is investigating various options for the future and sustainable use of the Saarlouis location.
- They added that Ford is in ongoing discussions with several potential buyers.
- The news comes a day after Ford announced plans to cut 3,200 jobs across Europe and move some of its product development work to the U.S.
- Ford plans to cut up to 2,500 jobs in product development and up to 700 in administrative roles.
