Ford has set out plans to restructure its Europe operations including the closure of its giant production plant at Genk in Belgium.
It said the move was necessary because the Western Europe car market was now 20 per cent down on 2007.
“The proposed restructuring of our European manufacturing operations is a fundamental part of our plan to strengthen Ford’s business in Europe and to return to profitable growth,” said Stephen Odell, chairman and CEO, Ford of Europe.
If the proposed plan is confirmed the site will close in 2014 and production of the next-generation Mondeo, S-MAX and Galaxy could move to Ford’s assembly plant in Valencia, Spain
At the same time production of the C-MAX and Grand C-MAX compact multi-purpose vehicles could move from Valencia to Saarlouis, Germany, in 2014.