joint venture

Ford to build new SUV on Geely’s electric platform in Spain

Ford will build a new SUV using Geely's electrified GEA modular platform at its Almussafes plant near Valencia, Spain, Automotive News reported Thursday. The move represents the most concrete product outcome yet from the joint venture the two automakers announced…

Ford and Geely form joint venture to build EVs in Spain

Ford Motor Company and Geely Automobile announced on Thursday an agreement to form a Europe-focused manufacturing joint venture at Ford's Almussafes plant near Valencia, Spain, aiming to revive a factory that has been running well below its potential for years.

Nestlé carves out water brands into $5.6B joint venture with Platinum Equity

Nestlé shares fell sharply on Thursday after the Swiss food giant reported a 31.4% decline in first-half net income and announced a deal to spin off its storied water brands into a joint venture with U.S. private equity firm Platinum…

BT and Verizon combine global operations in $4B joint venture

BT Group and Verizon Communications on Monday announced a deal to combine their international enterprise operations into a 50:50 joint venture, creating a platform expected to generate approximately $4 billion in combined annual revenue and serve more than 3,000 customers…