UPDATE 1-Ford says potential investor in Saarlouis plant pulls out

[ASFN Admin]

Talks between Ford and a potential investor in its plant in Saarlouis, Germany, have fallen through, the carmaker said on Thursday, plunging workers back into uncertainty over the future of the site and their jobs. The future of the Saarlouis site has been unclear since June 2022 when Ford picked a site in Spain to assemble its next-generation electric vehicle (EV) over the German plant, which will stop producing its current model, the Ford Focus, from 2025. The deal with the potential investor would have secured 2,500 of the currently around 4,500 jobs at the site, according to a Handelsblatt report on Thursday.

Continue reading...