Ford and Geely Auto plan to join forces in Europe by creating a manufacturing joint venture at Ford’s Valencia, Spain, plant. Multiple releases describe the deal as a way to combine production scale with improved use of the plant’s capacity, with vehicles built under both the Ford and Geely brands. The partnership is presented as being based on mutual trust and shared business principles, and it is intended to support the longer-term future of production in Valencia. Financial Times frames the move as part of Ford’s hope to revive its European business through the tie-up with Geely, China’s automaker. The companies say the joint venture will produce next-generation multi-energy vehicles, though details such as specific models, production volumes, and timing are not provided in the excerpts supplied. Overall, the reporting agrees that the central element is a cross-brand manufacturing collaboration centered on the Valencia facility, aimed at leveraging economics of scale and factory utilization while manufacturing multi-energy vehicles for the European market.