UPDATE 1-Ford confirms 425 mln euro Spain investment

Newswire

(Adds details) MADRID, Aug 29 (Reuters) - U.S. car maker Ford Motor Co. said on Wednesday it had signed an agreement with a Spanish union to invest 425 million euros ($578 million) in its vehicle manufacturing plant in Valencia, eastern Spain. The investment secures the future of the Almussafes plant, which employs 7,500 workers, until 2013, Ford said. Under the terms of the deal, the Almussafes plant will start making three new models, in the small and mid-sized range, and pump out at ...

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