Ford may sell Focus factory to BYD

Ford may sell Focus factory to BYD

Increase Chinese car manufacturers they enter the European market. Expansion plans that may include, in the future, too the production of these vehicles in the Old Continent. There is one of the Chinese manufacturers with the most ambitious plans for the growth of the European market BYD which, recently, has announced the start of the sale of some of its electrical structures in a number of countries in the Old Continent.

Now, it appears that BYD may take its strategy one step further by making a bet for factory purchases in Europe. In fact, a report by the Wall Street Journal claims that the Chinese manufacturer would target it Ford plant in Saarlouis, Germany.

In this factory, Ford will end Focus production in 2025. The future of this plant is not yet clear and for some time there has been talk of a possible sale. In this way, the future of the 4,600 workers currently employed at the site can be secured.

Apparently, the blue round house will focus on the interest of approximately 15 investors, including some car manufacturers. Among these will be BYD. In the past there was already talk about the possibility that the Chinese brand may decide to produce its cars also in Europe. According to the report, Ford executives plan to travel to China soon to discuss a possible deal with officials from the Chinese automaker. The talks would still be at an early stage and there is no guarantee that the two automakers will be able to reach an agreement.

More details on the fate of the Ford plant are sure to come soon. In fact, a decision could be made in the next few months.

The sale of the Saarlouis plant in Germany is part of Ford’s restructuring plan in the Old Continent. A plan that will gradually lead it to become an exclusively electric brand. For that BYD already builds electric buses in Hungary, the possible acquisition of a factory could represent an important acceleration of its growth strategy in the automotive sector in the Old Continent.

Among other companies in the automotive industry that Ford will be in talks there is also Magna Internationala popular contract manufacturer that builds models for automakers such as BMW, Mercedes and Fisker.