Germany's Saarland state would not block Chinese electric carmaker BYD as a possible investor for a Ford car plant seeking new ownership, the state premier said on Friday after reports of BYD's interest.
Anke Rehlinger attends a news conference following the election results, in Berlin, Germany March 28, 2022. REUTERS/Hannibal Hanschke/File PhotoBERLIN, Feb 10 - Germany's Saarland state would not block Chinese electric carmaker BYD as a possible investor for a Ford"To be honest, Ford is an American company and we didn't like the decisions they made. is not the only criteria," Anke Rehlinger told Reuters when asked about the potential BYD offer.
The state government and Ford are in discussion to find a new investor, with an announcement expected by the end of the first quarter. Chinese electric vehicle makers are making inroads into the European market even as European players lose market share in China. BYD has said it is looking for European sites, though its executive vice-president told Bloomberg this week it would rather build its own plants than buy existing ones.
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