Ford announced on Wednesday that it is delaying its production investments in Spain due to a “revised outlook for Europe,” but that it is continuing to invest in its Valencia plant, where it announced plans to make electric vehicles in June.
The American automaker declared in a statement that it won’t ask for a portion of Spain’s EU pandemic relief funds to fund the introduction of EVs by June 2025, but that it will work with local governments to find other possible public funding as it transitions to an all-electric fleet of passenger cars by 2030.
Regarding its updated outlook for Europe, Ford withheld any additional information. It announced earlier this week that it would eliminate 3,000 salaried and contract positions worldwide, primarily in North America and India.
For the time being, no jobs will be cut at Ford Spain’s plant in Valencia, despite the fact that the automaker has long indicated that there will be some workforce restructuring as electric cars require less labour to assemble.
Ford’s intention to produce EVs in Spain will not be impacted by the investment delay, according to the UGT union and Spain’s Industry Ministry.
The Industry Ministry issued a statement saying, “The Spanish government maintains its commitment to support Ford in its current and future investments in Spain.
Ford had submitted an application for Spain’s EU pandemic relief funds in May and received a first provisional allocation of 106 million euros, according to the Ministry. However, Ford withdrew its application on Tuesday in advance of a deadline for potential changes.
 announced on Wednesday that it is delaying its production investments in Spain due to a "revised outlook for Europe,".){kind=link}