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Spain urged to leverage incentives and talent to curb industrial decline amid Ford‑Geely joint‑venture plans

Executive summary: On 24 July 2026 El País published an opinion article titled “Ford‑Geely, una buena mala noticia” arguing that Spain must exploit its incentives, costs and talent to halt industrial decline and turn necessity into virtue, citing the upcoming Ford‑Geely electric‑vehicle joint venture as a possible catalyst. The piece highlights the risk of continued deindustrialisation in Spain and stresses that attracting high‑value EV investment is crucial for preserving jobs and maintaining the country’s manufacturing base.

Who is involved: Spanish national and regional governments, Ford Motor Company, Geely Auto, automotive workers and unions, and the broader EU automotive supply chain.

Likely next: The Spanish government may announce a new EV incentive package by the end of Q4 2026, while the Ford‑Geely joint venture is expected to begin limited production in the first half of 2027 with the first vehicles rolling off the line in 2028.

El País published an opinion piece urging Spain to use its fiscal incentives, lower operating costs and skilled labour force to stop the loss of industrial jobs and turn the challenge into an opportunity. The article links this call to the planned Ford‑Geely joint venture that would build next‑generation multi‑energy vehicles at Ford’s Valencia plant. It frames the venture as a potential catalyst for revitalising the country’s automotive sector.

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