The Wall Street Journal quoted people familiar with the matter and said that Ford Motors was negotiating with Chinese electric vehicle manufacturer BYD on selling Ford's factory in Germany.
It is reported that Ford's executives in Germany plan to go to China next week to discuss Ford's potential sale in the factory of the factory in Sali Louis. The car production of the factory is scheduled to end in 2025.Ford currently produces Fox compact models in Salil Louis.The transaction clauses including price cannot be known.
The negotiations are still in the preliminary stage, and the transaction may eventually fail.Ford is also evaluating the intention of about 15 potential investors.
People familiar with the matter said that these potential investors include both BYD and other manufacturers and financial investors, and the latter may cooperate with manufacturers.
