BARCELONA — Ford mentioned it’s delaying its manufacturing investments in Spain, citing a “revised outlook for Europe” however mentioned it remained dedicated to its plant in Valencia.

The automaker won’t ask for a share of Spain’s EU pandemic aid funds to put money into the roll out of EVs by June 2025, Ford mentioned on Wednesday. It mentioned it can work with the authorities to establish different potential public funding because it strikes to an all-electric fleet of passenger autos in Europe by 2030.

In June, Ford mentioned it can construct its next-generation electrical autos in Valencia.

Ford didn’t give additional particulars on its revised outlook for Europe. It mentioned earlier this week it can lower a complete of three,000 salaried and contract jobs, largely in North America and India.

No jobs will likely be lower at its plant in Valencia for now, a Ford Spain spokesperson mentioned, though the automaker has lengthy mentioned there will likely be some restructuring of its workforce as electrical automobiles require fewer labor hours to assemble.

Each UGT union and Spain’s Trade Ministry performed down the funding delay, noting that it doesn’t have an effect on Ford’s plan to provide EVs in Spain.

“The Spanish authorities maintains its dedication to help Ford in its present and future investments in Spain,” the Trade Ministry mentioned in an announcement.

Ford had utilized in Could for Spain’s EU pandemic aid funds and had been allotted 106 million euros in a primary provisional allotment however withdrew its utility on Tuesday forward of a deadline for potential adjustments, the Ministry mentioned.

The corporate picked the Valencia plant over its manufacturing unit in Saarloius, Germany, for its newest EV funding.

Ford mentioned in June it has no plans to exchange manufacturing of the Focus compact automobile at Saarlouis in 2025.

As an alternative, the automaker mentioned it can search “different alternatives” for the Saarlouis manufacturing unit, together with promoting it to a different automaker.

Ford plans to launch seven full-electric autos in Europe together with three new full-electric passenger automobiles and 4 new electrical vans.

The primary new EV will likely be a midsize crossover that can go into manufacturing at Ford’s manufacturing unit in Cologne, Germany, this 12 months. It’ll use Volkswagen Group’s MEB electrical platform that underpins the VW ID4, amongst different VW Group fashions.

Ford will construct an electrical model of the Puma crossover in Craiova, Romania, together with Transit Courier and Tourneo Courier electrical vans.