International Trade 13 February 2026

Geely-Ford Spain Plant Deal Could Give Chinese EVs a Faster Route Into Europe
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Geely-Ford Spain Plant Deal Could Give Chinese EVs a Faster Route Into Europe

Geely has agreed to buy Ford’s idle Body 3 assembly hall at the Almussafes plant near Valencia, according to La Tribuna de Automoción, giving the Chinese automaker a European production base. Ford has not confirmed the deal. The hall previously built Mondeo, S-Max, and Galaxy models, but now sits unused as Valencia output fell 18% last year. EU tariffs on Chinese EVs reach up to 35.3%.
May 7, 2026

Stock Market Today

  • Xero Shares Plunge 62% Amid Tech Sell-Off, Analysts Bullish on 87% Upside
    May 29, 2026, 8:21 PM EDT. Xero Ltd (ASX: XRO) shares have fallen 62% from a $196.52 peak in June 2025, pressured by a broader tech sector sell-off linked to AI disruption fears and prior overvaluation concerns. Currently trading at $74.16, Xero is down 34% year-to-date. Despite recent losses, 14 of 15 analysts rate Xero shares a buy or strong buy, with an average 12-month target price implying a 76% gain to $130.81, and some forecasts projecting up to 218% upside. The company's recurring subscription revenue offers predictable cash flow, underpinned by high customer retention from accounting and payroll services. Growth prospects include expansion in the UK and US markets, automation enhancements, and product suite diversification. Recent FY26 results underscore 31% revenue growth and 18% EBITDA increase, reinforcing long-term investment appeal.