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Ford and Geely JV to run Valencia factory as Centurion buys 34% stake

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Sig3.25Sen+2.35Env+1.40Soc+0.20Gov+0.90

Ford and Geely’s joint venture will operate Ford’s Valencia factory, with Centurion Industries (Geely-owned) paying Detroit about $259 million for a 34% stake. The move is framed as a shift in Ford’s approach, letting it leverage low-cost structures and faster-to-develop Chinese EV technology while aiding the partners’ expansion in Europe.

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