Ford's German Plant Gets New Investor: Report

Ford Motor Company F has reportedly found an international investor for the German plant in Saarlouis.

Ford has signed initial agreements for the potential investment, Reuters reported quoting statements from a meeting at the plant. The company also inked pacts to initiate agreements with the western state of Saarland.

The deal has the potential to create around 2,500 jobs in Saarlouis, the report added.

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"This week we have taken a big step towards this goal," said Martin Sander, head of the company's German unit Ford Werke, noted by Reuters. 

The note added that the investment aimed to transform the plant and create future employment opportunities.

Price Action: F shares are trading higher by 1.6% to $15.19 on the last check Friday.