Piston.my

The Blue Oval

Ford Motor Company is spending a substantial amount of money on its Valencia plant in preparation for the next-generation Ford Kuga medium-sized Sports Utility Vehicle. More than €750 million (RM3.7 billion) has been poured into the facility to facilitate several upgrades that are related to cost efficiency and productivity improvements.

In total, Ford has spent about €3 billion (RM14.7 billion) since 2011 for its manufacturing site in Spain, which currently employs 8,000 workers across all of its operations. Its latest investment signals the Blue Oval’s commitment to this facility and its workforce.

“This major investment reconfirms in the clearest way our continuing commitment to the Valencia region and to Spain. I also want to thank the national government in Madrid and the Generalitat Valenciana for their continued support,” said Steven Armstrong, president and CEO, Ford of Europe, Middle East and Africa.

About 25% of all vehicles sold in Europe are SUVs, which is probably the reason for Ford’s recent investment strategy. According to the automaker, sales figures for the Kuga this year stands at 126,900, which is a 22% increase compared to the same period in 2016. And it happens to be Ford’s third top-selling model after the Fiesta and Focus.

It also accounts for 50% of the total production numbers at the Valencia facility, which speaks volumes about Ford’s mindset of maintaining a foothold in the highly competitive European SUV market.

An ultra rare 1988 Ford Sierra Cosworth RS500 with just 9,656km on its odometer is about to head to the auction block. The Blue Oval only made 500 such cars but only 56 of them came with a white body colour. This is what makes the RS500 that is up for auction, very special.

A similar 1987 RS500 but with twice the mileage, was sold earlier at auction for £115,000 (RM641,460) during the Silverstone Auctions’ sale at the Silverstone Classic. Speculators suggest that the 1988 RS500 could sell for about £100,000 (RM557,791) – £115,000 (RM641,460), but considering the car’s relative rarity, it may sell for quite a bit more.

Ford developed this road going variant of the RS500 to comply with homologation rules in order for the racing version to compete in the British and European Touring Car Championships. This is the reason why only 500 of them were produced – no more and no less.

The car was discovered in 2007 by car dealer Joe Macarini in a classic Ferrari collection in Germany. He sold it to a private Ford collector who, after realizing the car’s significance, had it stored in a climate controlled storage facility, until now.

It’s rarity, low-mileage and the fact that it is in nearly perfect condition, are criteria that lead to cars being auctioned for huge sums of money. And unlike other performance Fords of that era, this one is free from any kind of modification. As such, preparing it for auction only required a service that included the changing of the engine belts, battery and various fluids.

The 1988 Ford Sierra Cosworth RS500 in white is expected to be put on on sale at Silverstone Auctions’ NEC Classic Motor Show that will be taking place from 11th – 12th November. There will be a number of other special cars, but this particular Ford will definitely be of interest to many.

Archive

Follow us on Facebook

Follow us on YouTube