Ford, Geely form venture in US automaker’s Spain auto plant
July 23, 2026 4:00 PM, EDT (David Zalubowski/Associated Press, File) key takeaways: Ford and Geely agreed on July 23 to form a joint venture at Ford’s Valencia-area factory in Spain, with production of four new models starting in 2028. The deal aims to cut vehicle costs through shared production and purchasing as Chinese brands gain
