News: Ford Mondeo production shifts to Spain
Ford has confirmed today that it will be shuttering its factory in Genk, Belgium and transferring production of the new Mondeo to its Spanish factory in Valencia.
The news will have come as a terrible blow to the 4,300 people Ford currently employs in Genk, building the Mondeo, S-Max and Galaxy. The all-new Mondeo, based on the US-market Ford Fusion, had been earmarked to be built in Genk, but when Ford delayed its European market introduction by 6 months, we smelled a rat. There were even rumours that production of the Mondeo would move to low-cost Mexico, but yesterday the announcement came that Genk was going and Valencia was getting the gig.
That means that Genk will continue on its current four-day-week for a time yet, turning out the current Mondeo and S-Max & Galaxy, but will be progessively closed down as production of those models winds up. No word let on whether Valencia gets to build the next S-Max and Galaxy, but it's likely.
The move comes as Ford seeks to both stem losses of €404-million this year in Europe, and against the background of a meltdown in European car sales that is seeing the long-standing problem of over-capacity in the industry (too many factories turning out too many cars for too few buyers) finally being tackled. Fiat has already closed a facotry in Sicily and may close another, PSA Peugeot Citroen has earmarked its Aulnay plant for closure and GM's Bochum plant in on the chopping block too.
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