Geely's 34% Stake in Ford España Gets China Approval

3-line summary

• China's market regulator unconditionally approved Geely's acquisition of a 34% stake in Ford España on Monday, according to Investing.com. The report does not disclose the deal's price, payment terms, or remaining approvals needed for closing.
• The approval follows a July announcement that Geely and Ford would produce two electric SUVs at Ford's Valencia, Spain plant and co-develop vehicles through a new joint venture; the article does not state that the approval was directly conditioned on this production plan.

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