is worried about the business outlook for Europe, affected by the Russian invasion of Ukraine, and has decided to slow down and wait. The news comes after the announcement about significant layoffs .
"Ford had applied in May for Spain's EU pandemic relief funds and had been allocated 106 million euros in a first provisional allotment, but withdrew its application on Tuesday ahead of a deadline for potential changes, the Industry Ministry said."Ford is expected to have 9 all-electric models on the market in EuropeBecause the company intends to switch to electric cars in Europe by 2030, the question about the future of the plant in Valencia remains open.
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