South Korean chaebol; a major auto and industrial conglomerate.
Ford and Geely have unveiled a two-thirds/one-third joint venture to build five vehicles at Ford’s Valencia plant in Spain, starting 2028. The deal seeks to reassert Ford’s presence in Europe amid rising Chinese competition, cost pressures, and tightening regulations. Production of the Kuga PHEV will continue; two Geely electric SUVs will be built; a new multi-energy crossover is planned for 2028. The move signals broader global partnerships as U.S. policy tightens access for Chinese firms.
Genesis unveils the GV90, its first full-size electric SUV, signaling a bold push into premium markets. The Neolun variant with coach doors and a lounge-like cabin showcases high-end features as Genesis outlines its three pillars—luxury, performance and hospitality—while signaling a broader portfolio development.