1/24, 2:17 PM (Source: TeleTrader)
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Ford to reportedly sell factory in Germany to BYD

Ford Motor Co is reportedly in talks with China's BYD Co to sell one of its facilities in Germany, the Wall Street Journal said Tuesday, citing people with knowledge of the matter.

According to the report, Ford executives will travel to China next week to address the possible sale of the plant in Saarlouis, where production of vehicles is scheduled to end in 2025. Besides, the carmaker is sounding out interest from about 15 other potential investors.

At the moment, there are no further details about the plan, nor has the company made any comment.

Baha Breaking News (BBN) / JG