Ford is in talks with China’s BYD to sell German plant, report says

Ford is in talks with Chinese electric car maker BYD over the sale of its factory in Saarlouis, Germany. wall street journal This was reported by a person familiar with the matter.

Ford will end production of the Focus compact car at the plant in 2025, and the company will scale back its European vehicle lineup to focus on fully electric vehicles and light commercial vans.

The future of the Saarlouis plant has been uncertain since Ford chose Valencia, Spain last June. The German plant will build the next generation of electric vehicles.

Ford executives are scheduled to travel to China next week to discuss a potential sale with BYD. journal report. Negotiations are still in the preliminary stages and could eventually break down, the report said.

Ford said last June that it was exploring alternatives to building vehicles at its Saarlouis plant. The factory he employs 4,600 workers.

of journal Ford is reportedly also attracting interest from about 15 potential investors, but the terms of the deal are unclear.

Negotiations with potential investors, including energy companies, car builders and automakers, have accelerated in recent months, with Ford aiming to present a solution for the plant’s future by the end of the first quarter, he said. said the chief of the Saarlouis works council. Marcus Tull.

“It’s of secondary importance which continent a potential investor comes from. If an automaker is coming, that’s what we want to see, because that’s what we do,” he said. I was.

“We need a plan urgently,” Tal added, saying workers won’t wait until 2024 for a solution.

Ford and the local government of Saarland, where the plant is located, agreed last September to work together to find a new investor for the plant, with the final decision on a buyer approved by both parties.

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