Ford Motor Company recently announced it will form a Europe-focused manufacturing joint venture with Geely Automobile at Ford’s Valencia, Spain plant, aiming to build low- and zero-emission vehicles for both brands from 2028 while maintaining current Kuga production.
This partnership effectively turns Valencia into a shared high-tech hub, pooling scale to target lower production costs and supporting Ford’s broader shift toward multi-energy and electric models in Europe.
Now we’ll examine how this new Valencia joint venture, designed to reset Ford’s European cost base, reshapes the company’s investment narrative.
The latest GPUs need a type of rare earth metal called Neodymium and there are only 29 companies in the world exploring or producing it. Find the list for free.
Ford Motor Investment Narrative Recap
To own Ford today, you need to believe the company can manage a complex transition toward lower-emission vehicles while protecting profitability from its traditional ICE and truck base. The Valencia joint venture with Geely looks like a meaningful step on costs in Europe, but it is unlikely to change Ford’s most pressing near term risk around execution on electrification and competition from pure-play EV and Chinese manufacturers.
Among Ford’s recent updates, the Q1 2026 results stand out alongside this Valencia news. Ford reported US$43,253 million in revenue and US$2,548 million in net income, which offers a current snapshot of earnings power as it prepares for heavier investment in Europe-focused low and zero emission products. How effectively Ford converts ventures like Valencia into sustainable earnings over time will be central to how catalysts and risks around the stock evolve from here.
Yet against this ambitious European reset, investors should also be aware that Ford’s dependence on ICE profits in tightening regulatory regimes could…
Read the full narrative on Ford Motor (it’s free!)
Ford Motor’s narrative projects $189.9 billion revenue and $14.3 billion earnings by 2029. This implies fairly flat yearly revenue growth and a $20.4 billion earnings increase from -$6.1 billion today.
Uncover how Ford Motor’s forecasts yield a $14.85 fair value, a 3% upside to its current price.
Exploring Other Perspectives 
F 1-Year Stock Price Chart
While the consensus focuses on cost pressure and EV execution risk, the most optimistic analysts were modeling flat revenue near US$192.7 billion and earnings of about US$12.5 billion by 2029, showing just how differently you and others might judge whether the Valencia joint venture strengthens or weakens Ford’s long term story.
Explore 7 other fair value estimates on Ford Motor – why the stock might be worth 23% less than the current price!
Decide For Yourself
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
Want Some Alternatives?
Don’t miss your shot at the next 10-bagger. Our latest stock picks just dropped:
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include F.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com