Over the past year Ford in Europe has conducted an extensive search for an investor to take over our plant in Saarlouis, Germany. In June of this year, Ford signed a non-binding agreement with a potential investor.

Following a rigorous due diligence process and negotiation, which also included the Saarland Government, the investor decided not to go ahead with the project.

Ford will now pursue an alternative plan. As previously announced, we will maintain and create 1,000 Ford positions in Saarlouis. This can also serve as the foundation for a future technology center in Saarlouis with significant potential to develop the plant and attract other, smaller investors.