There was a requirement that Spanish built cars should incorporate at least 95% "domestic content" with any imported components subject to a 30% tariff: there was a further requirement that none of the foreign automakers could hold more than 49% of the capital of a Spanish-based car manufacturer. The domestic auto-industry at this time was nevertheless strongly protected, comprising partnerships between foreign automakers and Madrid based interests. The relatively short period that elapsed between the submission by Ford, on 23 December 1972, of their plan to the government and the plant's inauguration was seen as evidence of the government's enthusiasm for the project. Īt the time when the plant was planned, the dictator Francisco Franco was still in charge of the Spanish government which pursued a fiercely mercantilist economic policy. Construction had cost 680 million dollars. Just a week after that, on 25 October 1976, the king formally inaugurated the plant.
Exactly 1,000 days later, on 18 October 1976, the first Ford Fiesta rolled off the production line. In 1973 the Ford Motor Company headed by Henry Ford II purchased 270 acres (1.1 km 2) of orchard on the edge of Valencia.
with a production capacity of 450,000 vehicles a year and 8,000 employees, it is Ford's largest manufacturing complex outside the United States. For the Valencia Assembly located in Venezuela, see Valencia Assembly.įord Valencia Body & Assembly (VB&A) is a major car assembly plant located at Almussafes on the southern edge of the Valencia conurbation, Spain. This article is about Valencia Body and Assembly located in Spain.
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