Ford is investing more than $870 million in to build the next-generation Kuga medium-sized Sports Utility Vehicle in Valencia, Spain.
The new investment brings the total sum invested in Ford’s Valencia operations to around $3.5 billion since 2011.
Employing more than 8,000 people across all of its operations, the new investment will help to secure employment at Ford’s Valencia site. The investment builds on cost efficiency and productivity improvements by the management team, union partners and workforce.
Today, around 25 percent of all-new passenger vehicles sold in Europe are SUVs. The Kuga accounts for close to 50 percent of Valencia’s vehicle production volume. European sales of the Kuga so far this year at 126,900 are an improvement of 22 percent compared with the same period in 2016. The Kuga is Ford’s third top-selling nameplate in Europe behind the Fiesta and Focus.
The new investment brings the total sum invested in Ford’s Valencia operations to around $3.5 billion since 2011.
Employing more than 8,000 people across all of its operations, the new investment will help to secure employment at Ford’s Valencia site. The investment builds on cost efficiency and productivity improvements by the management team, union partners and workforce.
Today, around 25 percent of all-new passenger vehicles sold in Europe are SUVs. The Kuga accounts for close to 50 percent of Valencia’s vehicle production volume. European sales of the Kuga so far this year at 126,900 are an improvement of 22 percent compared with the same period in 2016. The Kuga is Ford’s third top-selling nameplate in Europe behind the Fiesta and Focus.
